Cayman Islands - September 6 2011 On 26 August 2011 the Grand Court of the Cayman Islands found that directors Stefan Peterson and Hans Ekstrom of Weavering Macro Fixed Income Fund (the “Fund”) were guilty of wilful neglect in the discharge of their duties.
United Kingdom - October 24 2011 In the UK it is accepted that the aim of compensation is to put a person back into the position they would have been in had they not suffered loss.
United Kingdom - November 22 2010 Hector Sants, FSA Chief Executive, spoke at the Mansion House Conference on Values and Trust 2010.
United Kingdom - June 14 2011 Barclays announced yesterday that it will reimburse all customers who complained about the sale of their PPI before 20 April in full (plus 8% interest) without any further investigation of the individual claims.
United Kingdom - June 30 2011 Yesterday Natalie Ceeney, Chief Ombudsman, set out her vision for how the financial services complaints and redress system can be improved.