Sponsored briefing
Following 18 months dominated by the Covid-19 pandemic, banks like other businesses might have hoped for some respite. Instead, as we come out of the pandemic banks continue to face a wide and growing range of risks which may well result in the busiest period for banking litigation since the financial crisis. This will likely be combined with increased regulatory activity: the FCA has made clear that it intends to adopt a more assertive approach to enforcement, as well as prioritising customer welfare by introducing a Consumer Duty for financial institutions. We summarise below some of the major trends and risks in this space.
Libor: an orderly wind-down
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