Djanogly: still working on third-party claims
There is to be no means test to benefit from qualified one-way costs-shifting (QOCS), the government has announced.
In a statement to Parliament today that follows advice given by the Civil Justice Council, justice minister Jonathan Djanogly said there will also be no minimum payment required of a losing party.
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While SRA fines for AML have been climbing, many in the profession aren’t confident they will get any relief from the FCA, a body used to dealing with a highly regulated industry.
The main reason cited by people who do not have a will was a lack of awareness as to how to arrange one. As a professional community, we seem to be failing to get our message across.
From catastrophic firm collapses to endemic compliance failures, the evidence is mounting that the current multi-regulator model is fundamentally broken.
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