DLA Piper releases Banking and Finance Litigation Update issue 64
The Bank of England and the Treasury are considering an extension to the Funding for Lending Scheme, whereby banks can get cheap loans as long as the money is passed on to customers in the form of loans to small business and low rate mortgages.
From 2 April, the new system of financial regulation in the UK will place the Bank of England at its centre. Its new subsidiary, the Prudential Regulation Authority, will replace the Financial Services Authority and will work alongside its own Financial Policy Committee and the newly formed Financial Conduct Authority in “resetting the system of financial regulation” in the UK.
The Bank of England’s financial policy committee has identified £25 billion worth of hidden bank losses, a shortfall it says banks will need to fill by the end of the year. Vince Cable, the business secretary, has warned that if banks are forced to increase their capital it could have a negative impact on lending during the recession…
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.
News from DLA Piper
News from The Lawyer
Briefings from DLA Piper
Social media is an ever-increasing area of litigation. Facebook users spend more than 10.5 billion minutes per day on the website, for example.
The OIG Compendium provides a summary of opportunities to ‘achieve cost savings, improve programme management and ensure quality of care and safety of beneficiaries.’
Analysis from The Lawyer
Regulators are ramping up the pressure in the aftermath of recession, leaving firms to compete for compliance and restructuring work
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.