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21 Dec 2012
Restricting before the event (BTE) insurance cover for legal fees to a prescribed rate will not breach an insured party's right to choose its own lawyer, providing that the prescribed rate is reasonable, the Court of Appeal has said.
The Government must go further to ensure that banks are unable to "game" draft rules that will force them to separate their riskier investment activities from their customer-facing services, a committee of MPs and peers has said.
A new financial services regulatory regime will be established from April, the Government has announced, following the granting of Royal Assent to the Financial Services Bill.
20 Dec 2012
Members of the public faced with the prospect of bringing a claim for defamation or breach of privacy against a large media organisation will in the future be protected against having to pay the other side's costs if the case is lost, the Government...
Companies with some workers in Northern Ireland could run into problems if they need to make large-scale redundancies once changes to consultation requirements come into force elsewhere in the United Kingdom, an employment law expert has warned.
19 Dec 2012
UBS, the Swiss-headquartered investment bank, has become the second firm to settle with international regulators over manipulation of the London Interbank Offered Rate (LIBOR) and related benchmarks.
17 Dec 2012
The British Bankers' Association (BBA) has published a revised timetable for when it will cease to publish London Interbank Offered Rate (LIBOR) rates in certain currencies and maturities.
Banks will have to distribute separate annual statements to consumers that detail their eligibility for benefits associated with the bank accounts they have.
14 Dec 2012
John Salmon’s Financial Services blog - 14/12/2012
13 Dec 2012
The Serious Fraud Office (SFO) has made its first arrests in connection with its investigation into the manipulation of the London Interbank Offered Rate (LIBOR) benchmark interest rate, it has announced.