Or are you legally obliged to break confidentiality?
This is the dilemma facing many banks and financial institutions today. Once the preserve of client confidentiality and secrecy, this is no longer the case. And in recent years it has been getting ever more complex with conflicting pressures both for openness and customer confidentiality.
To make matters worse it’s also been difficult to gain clear guidance on the subject – especially when faced with different jurisdictions, legislation and regulations across the world.
However, the new fifth edition of Neate and Godfrey: Bank Confidentiality written by Gwen Godfrey, Partner and Head of DMH Stallard’s Banking and Finance Group, holds key to answering these questions and provides reliable advice on this topical area.
Bank Confidentiality, Fifth Edition is designed to be an invaluable reference resource for compliance officers, general counsel and other in house lawyers and banks, and other financial institutions, regulators, barristers, law firms and law libraries. For more information, or to buy, please click here.
This fifth edition is updated to reflect the rapid changes in banking law across the world, including:
The effect of the Terrorism Act 2000, the Proceeds of Crime Act 2002 and the Money Laundering Regulations 2007 which oblige banks to disclose information in relevant circumstances.
- Updates on new legislation and regulations in 33 countries - now including Japan and Russia.
- Fresh light cast on the dilemmas facing banks – pressures to disclose information to help combat money laundering and the funding of terrorism as well as pressures to keep customers’ information confidential and to prevent identity theft.
- Insights on cross border issues in litigation and regulation particularly with branches operating in different jurisdictions.
Gwen heads the Banking and Finance Group at DMH Stallard and specialises in debt finance including acquisition finance, asset based lending, property finance, trade finance and syndications as well as refinancings and restructurings. Gwen’s other publications include Bank Confidentiality (Tottel Publishing 2006) and International Acquisition Finance: Law and Practice (OUP 2010) of which she is the general editor and author of the English chapters.
The English chapter of the book was written by Simon Elcock, Partner, leader of the Dispute Resolution Group and the Debt Recovery Team and Gwen Godfrey.
Simon specialises in large scale, complex, high-value and often high profile corporate and commercial disputes. Simon is widely recognised, including in leading legal publications, such as Chambers & Partners, as one of the foremost dispute resolution lawyers in the South of England.
FOR FURTHER PRESS INFORMATION PLEASE CONTACT:
Rowena Morris
Business Development Officer
Note to Editor:
About DMH Stallard
DMH Stallard is dedicated to making our clients the centre of our business and delivering technical excellence, so we can work together as legal and commercial partners. The firm invests in building long term relationships with its clients, so we can support their strategic objectives and deliver solutions that are needs driven.
Our practice has been developed to provide users of traditional City firms with a genuine alternative. To put it simply, our clients benefit from technically excellent advice led by senior partners whilst enjoying sensible and transparent pricing structures.
Rowena Morris
Business Development Officer
Note to Editor:
About DMH Stallard
DMH Stallard is dedicated to making our clients the centre of our business and delivering technical excellence, so we can work together as legal and commercial partners. The firm invests in building long term relationships with its clients, so we can support their strategic objectives and deliver solutions that are needs driven.
Our practice has been developed to provide users of traditional City firms with a genuine alternative. To put it simply, our clients benefit from technically excellent advice led by senior partners whilst enjoying sensible and transparent pricing structures.
We are proud to work with some of the most innovative and successful organisations in the country including major financial institutions, many FTSE listed companies, private equity backed businesses and high profile public sector bodies. We are also delighted that the firm continues to be recognised with prestigious awards.
