A Bank's Duty of Care.

Intro -- Table of Contents -- List of Contributors -- Abbreviations -- Part I Introduction -- 1 -- Introduction -- I. Introduction -- II. Scope and Terminology -- III. MiFID -- IV. The National Legal Systems Studied -- V. Methodology -- VI. Structure of the Book -- Part II EU Law -- 2 -- Conduct-of-Business Rules under MiFID I and II -- I. Introduction -- II. 'Investment Firm' -- III. Reclassification of Dealing on own Account to Dealing on Behalf of the Client -- IV. Client Classification -- V. General Duty of Loyalty -- VI. Information Obligations -- VII. Know your Customer Rules: Appropriateness Assessment -- VIII. Know your Customer Rules: Suitability Assessment -- IX. Best Execution -- X. Client Order Handling -- XI. Conflicts of Interest -- XII. Inducements -- XIII. Obligations to Record Conversations and Electronic Communications -- XIV. Conclusion -- Part III Civil Law Legal Systems -- 3 -- Germany -- I. Introduction -- II. Duties Related to Loan Contracts -- III. Duties Related to Investment Advice -- IV. Liability to Clients and Third Parties -- V. The Role of the Supervisor in Enforcement -- VI. Summary -- 4 -- Austria -- I. Jurisdiction -- II. Legal Nature of a Bank's Duties -- III. Specific Duties -- IV. Standard of Care -- V. Legal Consequences of Violation of Duties -- VI. Client"s Contributory Negligence -- VII. Conclusion -- 5 -- France -- I. Introduction -- II. Major Cases -- III. Legal Basis of a Bank's Duty of Care -- IV. Duties to Investigate and to Warn -- V. The Impact of the Regulatory Framework on a Bank's Duty of Care -- VI. Liability for Breach of Duty of Care -- VII. Acting on Behalf of Clients versus Dealing on own Account -- VIII. The Role of the Regulator in Settling Disputes -- IX. Concluding Remarks -- 6 -- Italy -- I. Introduction -- II. Defining Intermediaries' Duty of Care under Italian Law.

III. Remedies for Breach of Intermediaries' Duty of Care -- IV. Alternative Dispute Resolution Mechanisms -- V. Concluding Remarks -- 7 -- Spain -- I. Introduction -- II. Major Cases -- III. Preferred Legal Basis: Error -- IV. Duties to Investigate and to Warn -- V. Liability -- VI. The Role of the Regulator in Settling Disputes -- VII. Concluding Remarks -- 8 -- Netherlands -- I. Introduction -- II. Major Cases -- III. Legal Basis of a Bank's Duty of Care -- IV. Duties to Investigate, Warn and Refuse -- V. The Impact of MiFID on a Bank's Duty of Care -- VI. Liability for Breach of Duty of Care -- VII. Relationship with Traditional Doctrines -- VIII. Group Actions and Mass Claims -- IX. Concentration of Dispute Settlement in Amsterdam? -- X. Complaint Institute Financial Services -- XI. The Role of the Regulator in Settling Disputes -- XII. Conclusion -- Part IV Common Law Legal Systems -- 9 -- England and Wales -- I. Bank Civil Liability for Mis-selling and Advice -- II. The Tests for Determining the Bank's Duty of Care and to Investigate and Warn -- III. The Bank's Duty to Professional Investors -- IV. Limiting the Bank's Liability-Contributory Negligence -- V. Conclusion -- 10 -- Ireland -- I. Introduction -- II. Private Law Duties of Care -- III. Exemption or Limitation Clauses -- IV. Contributory Negligence -- V. Statutory Requirements and Codes of Conduct -- VI. The Central Bank (Supervision and Enforcement) Act 2013 -- VII. Role of the Financial Services Ombudsman -- VIII. Conclusion -- 11 -- United States of America -- I. Introduction -- II. Commercial Banking Functions -- III. Investment Banking Functions -- IV. Conclusion -- Part V Comparative Conclusions -- 12 -- A Bank's Duty of Care: Perspectives from European and Comparative Law -- I. Introduction -- II. Scope, Content and Intensity of a Bank's Duty of Care.

III. Applications of the Doctrine of Mistake and Fraud -- IV. The Impact of MiFID I and II on a Bank's Duty of Care -- V. The Role of Financial Regulators in Settling Disputes -- VI. The Bigger Picture and Reform Perspectives -- Index.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.