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Northern Rock decides not to pursue claims against directors or auditors
- RPC
- -
- United Kingdom
- -
- December 31 2008
The former Chief Executive of Northern Rock and many of his fellow directors have escaped legal action following the collapse of the bank
FSA clamp-down on senior management
- RPC
- -
- United Kingdom
- -
- July 9 2007
"The FSA holds senior management of regulated firms responsible for ensuring their firms are organised competently in order to meet their regulatory obligations."
ACT veto need for banks to use Big 4 auditors
- RPC
- -
- United Kingdom
- -
- July 9 2007
In its response to the Financial Reporting Council’s consultation on choice in the audit market, the Association of Corporate Treasurers (ACT) has called for banks not to impose a condition on borrowers that they use a Big 4 audit firm
Freezing orders and fortification of cross-undertakings
- RPC
- -
- United Kingdom
- -
- August 12 2010
On 21 May 2010, Justice Floyd handed down his judgment in Bloomsbury International Ltd (in administration) v Mark Alan Holyoake
Court of Appeal considers efficacy of subordination provisions in group guarantees
- RPC
- -
- United Kingdom
- -
- July 13 2010
The Court of Appeal has recently considered the extent of subordination provisions in a group guarantee
FSA talks tough about auditors and actuaries
- RPC
- -
- United Kingdom
- -
- November 22 2010
The FSA has entered the vigorous debate on the role of auditors and actuaries in the recent financial crisis
FSA consultation on improving auditors reports on client assets
- RPC
- -
- United Kingdom
- -
- November 22 2010
On 27 September 2010 the FSA published a consultation paper on improving the quality and consistency of auditor's reports on client assets
Implications for accountancy firms following the FSA’s decision to fine HSBC for data protection breaches
- RPC
- -
- United Kingdom
- -
- August 5 2009
The FSA’s recent decision to fine HSBC for sending unencrypted personal data by post and for keeping personal paper files on site but not locked up could have consequences for FSA authorised accountants
Suing naughty fiduciaries: delay is okay in claims ...
- RPC
- -
- United Kingdom
- -
- June 17 2011
A recent High Court case involving unlawful loans to directors illustrates the potential pitfalls involved in calculating limitation periods, and the circumstances in which the usual six year statutory limitation period will not apply to a recovery claim against a fiduciary
House of Lords Economic Affairs Committee inquiry update
- RPC
- -
- United Kingdom
- -
- January 27 2011
As reported in our last Update, the House of Lords began its inquiry examining the audit industry during the financial crisis and the concentration of the audit market in the UK on 12 October 2010
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