Banking & finance litigation update — January 2013
The Banking & Finance Litigation Update is published monthly and covers current developments affecting the Group’s area of practice and its clients during the preceding month.
Mark Carney, the governor of the Bank of Canada, will become the highest earning banker in the world when he becomes the Governor of the Bank of England (“BofE”).His total package will be worth £874,000, more than double the salary of his nearest rival, Mario Draghi, the Governor of the European Central Bank.
Martin Weale of the BofE Monetary Policy Committee has warned that further quantitative easing by the Bank would result in increased inflation and have no beneficial effect on growth…
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The European Commission is calling for European Union member states to introduce an injunctive and compensatory collective redress mechanism to their national procedural rules by 26 July 2015.
On 29 November, the US and the Cayman Islands signed a ‘Model 1’ intergovernmental agreement on FATCA.
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