Banking Litigation Trends – Financial Services

As we start another year, our Banking Litigation team has
summarised a number of litigation trends from 2022 and the key
risks that we anticipate banks and financial institutions may face
in 2023 based on our review of key cases, NRF’s proprietary
Court Intelligence Database and wider political, economic and
regulatory developments.

In this updater, we consider the following:

• the effect of recent market volatility on banking and finance
  disputes;




• the future of LIBOR and what this means for legacy
  contracts;




• ‘Push Payment’ fraud and the duties on banks;




• Fintech and litigation risk for banks;




• Cyber-attacks against financial institutions and the resulting
  financial, operational and reputational risk;




• the growth of large scale group litigation against UK parent
  entities;




• Banking Litigation trends and insights from NRF’s Court
  Intelligence Database; and




• recent procedural changes.

To read the full analysis please contact a member of the Banking
Litigation team: [email protected];
[email protected]; or [email protected]

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.