Banking & Finance LItigation Update - Issue 71 (Global)

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In This Newsletter:

- Domestic Banking

- Domestic General

- European Banking

- European General

- International Banking

- International General

- Press Releases

- Excerpt from Domestic Banking:

BANK OF ENGLAND -

1. The Bank of England has announced that polymer notes will start to replace paper ones from 2016. Plastic notes have been in circulation in Australia and Canada for the past 20 years.

Guardian, 18 December 2013 -

2. Mark Carney, the governor of the Bank of England, has said that the Bank will not allow the housing market in the UK to grow at "warp speed". If required, the Bank has a "broad range of additional tools" to deal with any potential housing bubble. Interest rates are however unlikely to rise in the short term.

Please see full newsletter below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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