The Banking & Finance Litigation Update is published monthly and covers current developments affecting the Group's area of practice and its clients during the preceding month.
In This Issue:
Domestic Banking; Domestic General; European Banking; European General; International Banking; International General; and, Press Releases.
- Excerpt from DOMESTIC BANKING:
BANK OF ENGLAND -
1. Interest rates have been held at 0.5 per cent by the Bank of England's Monetary Policy Committee. The committee also agreed to maintain the level of quantitative easing at £375 billion.
Guardian, 10 October 2013
2. The Chancellor, George Osborne, has called upon the Bank of England to begin monitoring his Help to Buy Scheme two years ahead of schedule, amidst worries that the scheme could cause artificial inflation in the UK's housing market. The Bank will be asked to review the "key parameters of the scheme" and ensure they are "appropriate".
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