Banking and finance litigation update — issue 59

The Banking and finance litigation update is published monthly and covers current developments affecting DLA Piper’s area of practice and its clients during the preceding month.

The Bank of England (BoE) has begun the process of recruiting at least three non-executive directors to sit on the board of the Prudential Regulatory Authority.

BoE is intending to double the number of its deputy governors from spring 2013, one of whom may well be Andrew Bailey, possible head of the Prudential Regulation Authority.

Fresh scrutiny will be given to the handling of the financial crisis by the BoE with three reviews commissioned by the central bank expected to be published. The reviews were commissioned back in May when the BoE was the only major institution not to have been the subject of a formal review process. The reviews looked into: the way liquidity was provided to The Royal Bank of Scotland and HBOS in 2008 and 2009; the Bank’s general policy on providing liquidity to the financial system; the forecasting capabilities of the monetary policy committee…

If you are registered and logged in to the site, click on the link below to read the rest of the DLA Piper briefing. If not, please register or sign in with your details below.

Sign in or Register to continue reading this article

Sign in


It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer


Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.


Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.


Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.