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Fees United Kingdom Banks

A&O Shearman

Key Regulatory Topics: Weekly Update 8 - 14 Mar 2024

A&O Shearman on

There were some key publications this week in relation to financial crime, including a Commission request for the EBA to advise on standards and guidelines under the future AML/CFT framework in Europe and, in the UK, an HMT...more

A&O Shearman

Bank failed to exercise discretion properly when setting collection fees

A&O Shearman on

A lender failed to exercise a contractual discretion properly when deciding on what collection fees to charge under a receivables finance agreement which allowed collection fees of “up to 15%”. The court held that the bank...more

Dorsey & Whitney LLP

Barclays Is Sanctioned By The FCA and The SEC

Dorsey & Whitney LLP on

Barclays took a double hit from regulators yesterday. First the Financial Conduct Authority in the UK fined Barclays Bank Plc, about £38 million for putting £16.5 billion of client assets at risk. Then the SEC imposed a $15...more

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