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Lord Turner’s key note speech at the Mansion House on 20 October confirms the FSA wants Parliament to reconsider the ‘trade-off’ between the ‘natural assumption’ that 100 redress would follow a breach of rules and the ‘general principles of law’ that mean 100 redress is not available unless, without question, the breach caused the whole loss
The global financial crisis has been well documented in the press, with one recent headline in The Times reading "Like Iceland, Ireland can refuse to pay up"
