This case concerns the ability of the FCA to police the review process that it set up with so many banks in relation to the sale of interest rate hedging products (IRHPs). The decision suggests that the FCA (through the Financial Ombudsman) has no jurisdiction to consider what happened during the banks’ reviews. It will […]
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Thomas v Triodos
In March 2017 the High Court considered the extent of the duty of care which a bank owes to a retail customer to whom commercial borrowing facilities had been extended. The transaction in this case involved switching borrowing from a variable rate to a fixed rate for a term of 10 years. The claim against […]
A witness’ worth
For most people who contemplate and then embark upon litigation, the prospect of appearing on the witness stand at trial is far from appealing. Legal scenarios that play out on television often have a revelatory moment when a character is on the witness stand either giving evidence or being cross examined. However, the reality is […]