United Kingdom

Details

  • Service: Advisory, Risk Consulting
  • Industry: Financial Services
  • Type: Survey report
  • Date: 24/05/2011

Financial services disputes - Is the dam about to burst? 

 
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UK law firms have seen an increase in financial services disputes since August 2007, but the expected large-scale growth of disputes has yet to materialise in the UK and across the world, finds global KPMG research.

 

  • The proportion of mis-selling and contentious valuation disputes have both increased by nearly 50 percent worldwide since the credit crunch.
  • The proportion of fraud disputes in the UK increase by nearly a fifth.
  • Move away from settlement in UK courts towards arbitration.