This article explores to what extent the new ‘judgement-led’ supervisory model promises to be different from its predecessors. It highlights the legal difficulties that may be encountered in the supervisory construction of reliable and useful systemic risk maps in terms, and probes some...

Systemic risk now occupies centre stage in discussions of bank regulatory reform. Systemic risk is often seen as a problem of size, operational complexity, interconnectivity and contagion. It is less often discussed in terms of the institutional framework of legal rules and principles within...

Purpose – The purpose of this paper is to report and comment on the Court of Appeal, Poole and Others v. HM Treasury. Design/methodology/approach – The paper outlines the facts surrounding the case and comments on the ruling. Findings – Lord Justice Buxton gave the only judgment in this...

Purpose – To report and comment on the case Paul Davidson, Ashley Tatham v. The Financial Services Authority. Design/methodology/approach – Outlines the facts and explains the decision reached. Findings – The Tribunal ruled that the decision of the Financial Services Authority (FSA) which...

Purpose – To discuss the FSA's enforcement action against the Royal Dutch/Shell group, which had been found to have made false or misleading announcements regarding its proved hydrocarbon reserves and reserves placement ratio's 1998-2003. Design/methodology/approach – Presents the facts...

Purpose – The purpose of this paper is to describe how the Financial Services and Markets Tribunal turned down a costs application from a broker it had earlier found not to have engaged in market abuse. Design/methodology/approach – The paper outlines the facts surrounding the decision....

Purpose – To report and comment on the tribunal case Phillippe Jabre v. FSA Design/methodology/approach – Outlines the facts and explains the decision reached. Findings – Had the tribunal resolved the market abuse issue otherwise it would have flown in the face of the realities of globally...

Purpose – To provide a summary of the action against Top Bet Placement Services, involving a betting scheme that infringed FSMA 2000. Design/methodology/approach – A detailed exposition of the factual background to this action, including an explanation of how it changed its structure and...

Purpose – The purpose of this paper is to describe the Financial Services and Markets Tribunal ruling on the application of the financial promotion regime, involving Fox Hayes v. Financial Services Authority. Design/methodology/approach – The paper outlines the facts surrounding the case and...

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...