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Judicial Review announced of the FCA Review and Redress Scheme

byNStoopWRM inWarwick Risk Management posted on17/02/2015
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Bully Banks seeks judicial review of process led by FCA, following the recent release of the agreements between the FSA and the banks. 

“It appears that the Agreements may have been inappropriately biased towards protecting the banks’ financial interests and not focused on fair and proper redress. It is also clear from the Information and the Agreements that some banks, with the knowledge of FCA, did not comply with the Agreements they signed.”

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