Law change could help schemes sue banks over FX and Libor scandals

Stephanie Baxter
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The introduction of US-style class actions in the UK next month could enable schemes to seek damages collectively from bank manipulation of Libor and foreign exchange (FX).

The Consumer Rights Act 2015 which applies from October will allow opt-out or opt-in class actions where there have been breaches of competition law. The FX and Libor scandals could fall under this...

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