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Consumer Duty - Implementation plan and beyond

United Kingdom - August 19 2022 The FCA has published its Policy Statement and the Handbook text containing the new rules for the introduction of the new Consumer Duty together with…

Jonathon Crook

The Federal Republic of Nigeria v JPMorgan Chase Bank: Quincecare revisited

United Kingdom - June 23 2022 In a judgment handed down on 14 June 2022 in The Federal Republic of Nigeria v JPMorgan Chase Bank, N.A [2022] EWHC 1447 (Comm) (FRN v JPMC) the…

John Shirley

Banks beware - the scope of the Quincecare Duty applies to individuals

United Kingdom - March 18 2022 On 14 March 2022 in Philipp v Barclays Bank UK Plc [2022] EWCA Civ 318 the Court of Appeal gave further guidance on the extent of the Quincecare duty…

John Shirley

Russian sanctions update - March 2022

European Union, Russia, Ukraine, United Kingdom - March 7 2022 On 24 February, following the escalation of the conflict in Ukraine a wave of sanctions have been initiated by the US, EU and UK, Japan, Taiwan…

John Hartley

The FCA’s new decision-making powers and the demotion of the RDC

United Kingdom - December 21 2021 In the policy statement PS21/16 issued at the end of November 2021, the Financial Conduct Authority (FCA) set out its new approach to decision makers…

Jonathon Crook