English, Article edition: Financial Ombudsman's statutory powers: Successful High Court challenge by financial adviser firms Joanna Gray

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Bookmark: http://trove.nla.gov.au/version/31238
Physical Description
  • article
Language
  • English

Edition details

Title
  • Financial Ombudsman's statutory powers: Successful High Court challenge by financial adviser firms
Author
  • Joanna Gray
Physical Description
  • article
Notes
  • Purpose – This paper aims to report and comment on a successful High Court challenge by financial advisory firms via the financial Ombudsman. Design/​methodology/​approach – The paper's approach is to outline the facts and explain the decision. Findings – Although the industry will welcome this decision, the FSA and the Ombudsman may not and the comments made by Mr Justice Lewison recognise what may be an eternal tension between “regulatory” redress schemes in the financial services industry and the courts and the common law. Originality/​value – The paper provides a useful commentary on a decision that has some considerable significance to the financial services industry.
  • Law courts, Legal disputes, Legal process
  • RePEc:eme:jfrcpp:v:15:y:2007:i:4:p:487-491
Language
  • English
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