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Author: Jonathan Kirk
Publisher: Edward Elgar Publishing
ISBN: 1788117670
Category : Actions and defenses
Languages : en
Pages : 370
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Book Description
This new work offers a clear and concise analysis of the law relating to the mis-selling of regulated financial services products. The introductory chapters cover the history of mis-selling, from their origins at common law to the modern regulated environment. It also addresses important practical points for those pleading and defending financial mis-selling claims, focussing on the various causes of action and limitation periods. It provides an overview of the UK and European regulatory framework governing the sale of financial products and considers in detail five key product types: credit, mortgages, interest rate hedging products, insurance, and collective investment schemes. Each chapter looks at the sector-specific issues and the various mis-selling ‘scandals’ of the last decade and the case-law that emerged from them.
Author: Jonathan Kirk
Publisher: Edward Elgar Publishing
ISBN: 1788117670
Category : Actions and defenses
Languages : en
Pages : 370
Get Book Here
Book Description
This new work offers a clear and concise analysis of the law relating to the mis-selling of regulated financial services products. The introductory chapters cover the history of mis-selling, from their origins at common law to the modern regulated environment. It also addresses important practical points for those pleading and defending financial mis-selling claims, focussing on the various causes of action and limitation periods. It provides an overview of the UK and European regulatory framework governing the sale of financial products and considers in detail five key product types: credit, mortgages, interest rate hedging products, insurance, and collective investment schemes. Each chapter looks at the sector-specific issues and the various mis-selling ‘scandals’ of the last decade and the case-law that emerged from them.
Author: Great Britain. National Audit Office
Publisher:
ISBN: 9781786040336
Category :
Languages : en
Pages :
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Book Description
Author: Great Britain. Parliament. House of Commons. Committee of Public Accounts
Publisher:
ISBN: 9781785843532
Category : Financial planners
Languages : en
Pages :
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Book Description
Author: Jonathan Kirk
Publisher: Edward Elgar Publishing
ISBN: 1800883706
Category : Law
Languages : en
Pages : 391
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Book Description
This second edition of Mis-Selling Financial Services is a practical guide to litigating claims arising from the mis-sale of financial products and services. It covers the history of 'mis-selling' litigation and provides an updated overview of the regulatory landscape and how such claims are formulated, as well as a thorough review of the key issues. The revised chapters give an in-depth analysis of the financial products which most commonly form the subject of such claims, from credit to collective investment schemes.
Author: Financial Services Authority (Great Britain)
Publisher:
ISBN:
Category :
Languages : en
Pages : 7
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Book Description
Author: Junghoon Kim
Publisher: Springer Nature
ISBN: 9811573298
Category : Business & Economics
Languages : en
Pages : 375
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Book Description
This book analyses different strategies and their results in implementing financial regulation in terms of rule-making, public enforcement and private enforcement. The analysis is based on a comparative study of conduct of business regulation on mis-selling of financial instruments in the UK and South Korea. It extends into liquidity regulation in the banking sector and credit rating agency regulation. The book concludes that in rule-making, purposive rules are more effective for achieving regulatory goals with minimal undesirable results, but a rule-making system with purposive rules can only work on a foundation of trust among rule-makers, enforcers and the regulates, that with respect to public enforcement, the enforcement strategies should combine the compliance-oriented and deterrence-oriented approaches and be continuously adjusted based on close monitoring of the regulatory outcomes and that in private enforcement, regulation should be instituted as the minimum requirement in private law.
Author: Financial Services Authority
Publisher:
ISBN:
Category :
Languages : en
Pages : 7
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Book Description
Author: Günter Franke
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Mis-selling by banks has occurred repeatedly in many nations over the last decade. While clients may benefit from competition - enabling them to choose financial services at lowest costs - economic frictions between banks and clients may give rise to mis-selling. Examples of mis-selling are mis-representation of information, overly complex product design and non-customized advice. European regulators address the problem of mis-selling in the "Markets in Financial Instruments Directive" (MiFID) I and II and the "Markets in Financial Instruments Regulation" (MiFIR), by setting behavioral requirements for banks, regulating the compensation of employees, and imposing re-quirements on offered financial products and disclosure rules. This paper argues that MiFID II protects clients but is not as effective as it could be. (1) It does not differentiate between client groups with different levels of financial literacy. Effective advice requires different advice for different client groups. (2) MiFID II uses too many rules and too many instruments to achieve identical goals and thereby generates excessive compliance costs. High compliance costs and low revenues would drive banks out of some segments of retail business.
Author: Gerard McMeel
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Arjun Kant Jha
Publisher:
ISBN: 9788182572317
Category : Bank marketing
Languages : en
Pages : 34
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Book Description