FX class action tribunal hearing begins

Hearing will consider whether a £1bn-plus claim against five major banks can proceed

Jonathan Stapleton
clock • 2 min read

A hearing to deal with an application for a collective proceedings order in a legal action against Barclays, Citigroup, JP Morgan, RBS and UBS for foreign exchange rigging has begun today (12 July).

The hearing in front of the Competition Appeal Tribunal (CAT) will consider whether a £1bn-plus claim against the banks can proceed as a collective action and, if so, which of two class representat...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Policymakers urged to introduce safeguards for DB surplus regime

Policymakers urged to introduce safeguards for DB surplus regime

XPS says safeguards must be put in place to boost confidence in the new framework

Holly Roach
clock 26 August 2026 • 2 min read
A dynamic value-based framework for retirement

A dynamic value-based framework for retirement

Brian Henderson says we should define value before we start ranking products against it

Brian Henderson
clock 26 August 2026 • 14 min read
News Digest: Healey told to 'rebalance' wealth taxes to ease state pension costs

News Digest: Healey told to 'rebalance' wealth taxes to ease state pension costs

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 26 August 2026 • 1 min read
Trustpilot