A growing litigation pipeline around semi-liquid private credit funds is anticipated as liquidity, valuation, and governance mechanisms face pressure.
Mis-selling
The FCA’s recently announced s166 review of the motor finance market could, Gavin Stewart believes, lead to a major compensation programme.
Internal investigation from 2019 uncovered rule-breaking and lax controls in sales of products to Spanish SMEs.
Flaws in controls allowed employees to push clients into risky products that were lucrative for the bank.