High Court considers Icelandic bank's challenge to HM Treasury's use of emergency powers during 2008

Joanna Gray

Journal of Financial Regulation and Compliance, 2010, vol. 18, issue 2, 178-185

Abstract: Purpose - The purpose of this paper is to report and comment on the High Court ruling on Icelandic bank's challenge to HM Treasury's use of emergency powers during 2008. Design/methodology/approach - The paper outlines the facts surrounding the case and comments on the decision. Findings - The High Court disagreed that the claimant's view of events accorded with the way the treasury in fact acted. Originality/value - This appeal shows how two very differently motivated, yet equally well‐intentioned, regulatory regimes can come into conflict.

Keywords: Legal decisions; Banks; United Kingdom; Iceland (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfrcpp:v:18:y:2010:i:2:p:178-185

DOI: 10.1108/13581981011034023

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