Wall Street JournalEurope Bank Watchdog Says Bulgaria Central Bank Breached Deposit LawWall Street JournalBRUSSELS—The European Union's banking watchdog said Bulgaria's central bank and deposit insurance fund were breaching the bloc's deposit-guarantee law by not allowing depositors to access their savings at Bulgaria's Corporate Commerci […]
Legal Week'Nowhere near as demanding as Barclays' – Lloyds Banking Group panel review ...Legal WeekGiven how much work is generated from banking clients, major panel reviews can be a nervy time for City law firms. For the main advisers to Lloyds Banking Group, the difficult part is over for another two years after the bank this month finalised the […]
The Malay Mail OnlineTougher rules on securities financing collateral will reduce global shadow ...Out-Law.com"The proposals currently target short-term loans between non-banks and banks," said banking law expert Tony Anderson of Pinsent Masons, the law firm behind Out-Law.com. "There might be concerns on certain levels were similar restrictio […]
Breitbart NewsEU agrees laws to end banking secrecyFinancial TimesEU finance ministers took an important step towards ending banking secrecy in Europe by agreeing legislation that would require all 28 countries to disclose assets held by foreign EU nationals in their financial institutions. The legislation, which had ...EU to Widen Information-Sharing to Fig […]
A bank had negligently prepared a reference for a casino stating that a prospective player was trustworthy for £1.6m in any one week when his balance had always been nil. The acceptance of forged cheques by the casino had not broken the chain of causation, but it was contributory negligent in failing to make a slightly more careful examination.