EBA publishes final report and guidelines on remuneration in retail banking

29 September

On 28 September 2016, the European Banking Authority (“EBA”) published its Final Report and Guidelines on “remuneration policies and practices related to the sale and provision of retail banking products and services”. The EBA had previously issued draft guidelines which were the subject of consultation between December 2015 and March 2016. The EBA received 27 […]

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‘O’Hare v Coutts’: Investment Mis-selling

26 September

On 9th September the High Court handed down judgment in O’Hare & O’Hare v Coutts & Co [2016] EWHC 2224 (QB). The claim related primarily to five investments made by the O’Hares on the advice of Coutts & Co in 2007, 2008 and 2010 (‘the Investments’), each of which was said to be unsuitable for the O’Hares’ […]

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‘Newmafruit’: Carrying on By Way of Business

26 September

On 9th September, the High Court handed down judgment in Newmafruit Farms Ltd v Pither [2016] EWHC 2205 (QB). The lender, a family-owned fruit farming business (“Newmafruit”), sought summary judgment on a series of loans advanced to a builder. Some of the loans were ‘regulated credit agreements’ and the borrower claimed that these were unenforceable, as […]

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Multi-billion pound claim issued against MasterCard

12 September

A claim seeking up to £19bn in damages for UK consumers has been issued against MasterCard using the collective proceedings regime introduced by the Consumer Rights Act 2015 (which amended the Competition Act 1998). The Claim is being led by ex-chief ombudsman of the Financial Ombudsman Service Walter Merricks and relates to certain fees charged […]

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