Banking & Finance Litigation Update

DLA Piper has released issue 63 of its Banking and Finance Litigation Update. The document is published monthly and covers current developments affecting the group’s area of practice and its clients during the preceding month.

As expected, the Chancellor, George Osborne, announced changes to the remit of the Bank of England in the Budget but the changes were not as radical as they could have been. The changes are intended to increase “monetary activism” by the Monetary Policy Committee to encourage economic growth.

It is expected that the Bank of England’s Monetary Policy Committee will agree with the Financial Services Authority (“FSA”) that the £50 billion capital shortfall it predicted banks would have can be covered in other ways. This follows a four month study conducted by the FSA into banks’ capital at the request of the 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.

Briefings from DLA Piper

View more briefings from DLA Piper

Analysis from The Lawyer

View more analysis from The Lawyer


3 Noble Street

Turnover (£m): 1,566.29
No. of lawyers: 3,961 (UK 200)
Jurisdiction: global
No. of offices: more than 75
No. of qualified lawyers: 542 (International 50)
No. of partners: 142.6