Appeal Judgment - 26th February 2009 - OFT v Abbey National Plc & Otrs

[EXC]

Re: Appeal Judgment - 26th February 2009 - OFT v Abbey National Plc & Otrs

The 5 Law Lords who'll hear the appeal wil be appointed at the end of May and it's still listed for the 23 June. There will definately be a public gallery.

I've given the OFT a gentle liitle nudge on our questions as it's been 3 weeks since we asked them.

[righty]

Re: Appeal Judgment - 26th February 2009 - OFT v Abbey National Plc & Otrs

EXE incidentally I met Eric in fact I met all of the Animals when they performed in Baileys Club in the NE during the 60s

[EXC]

Re: Appeal Judgment - 26th February 2009 - OFT v Abbey National Plc & Otrs

Should have answers next week.

I wonder what the ''important milestones'' were?


30 April 2009

Hi Kate

Just a gentle little nudge on this.

It's really question 4 that's the most important to us.


Kind regards

Nick



May 14

Hi Nick

My sincere apologies for not responding to your questions yet. We have been occupied with meeting some important milestones which, had they not been met, would have delayed the investigation.

We have now turned to your questions and hope to respond to you next week.

Best regards,
Kate

[enaid]

Re: Appeal Judgment - 26th February 2009 - OFT v Abbey National Plc & Otrs

[quote=EXC;114734]Should have answers next week.

I wonder what the ''important milestones'' were?



Lunch !

[EXC]

Re: Appeal Judgment - 26th February 2009 - OFT v Abbey National Plc & Otrs

Now now Nelly. I know it's frustrating but this lot are all we've got.

At least they're prepared to answer the questions unlike the FSA.

[Curlyben]

Re: Appeal Judgment - 26th February 2009 - OFT v Abbey National Plc & Otrs

I wonder if that was a typo for HEADstones

[EXC]

Re: Appeal Judgment - 26th February 2009 - OFT v Abbey National Plc & Otrs

The FSA boards minutes for Jan & Feb would seem to add weight to the theory that another waiver extension isn't a given - at least in it's present form - beyond the point the OFT rule the charges unfair.

The 22 Jan board meeting was held on the same day the waiver was extended and the decision to extend it appears to have been taken by the executive (the board) at the meeting, as opposed to the Managing Director for Retail Markets as in the past.

http://www.fsa.gov.uk/pubs/board-minutes/jan09.pdf


Mr Pain's report and the following key points were noted:

1. the successful negotiation with a number of firms to stop selling Payment Protection Insurance; and
2. the bank charges case was close to an initial judgment; the complaints handling waiver ended on 26 January 2009; and the Executive was considering whether it should be extended.

REPORTS FROM THE INDEPENDENT PANELS

December Reports from the Consumer and Practitioner Panels

The Board noted the reports from the Panels and the following points in particular:

1. the Consumer Panel’s concerns about the bank charges waiver;

The Feb board minutes could be interpreted as the FSA asking the banks to throw the towel in.

http://www.fsa.gov.uk/pubs/board-minutes/feb09.pdf

Mr Pain's report and the following key points were noted:

1. the judgment from the Court of Appeal in the bank charges test case that ruled that the Office of Fair Trading could assess the fairness of the bank charges. The FSA would encourage banks to discuss with the FSA ways in which to resolve this issue

[natweststaffmember]

Re: Appeal Judgment - 26th February 2009 - OFT v Abbey National Plc & Otrs

Would you not say that the later announcement as to the substantive issues was exactly what they did do, ie rather than saying if the HoL agree with UTCCR and wading through all of the banks' Terms and conditions that they would be happy with three of the banks taking the issue further to the substantive issues.

[Amethyst]

Re: Appeal Judgment - 26th February 2009 - OFT v Abbey National Plc & Otrs

Managing Director's report: Retail Markets
Mr Pain's report and the following key points were noted:
•
the judgment from the Court of Appeal in the bank charges test case that ruled that the Office of Fair Trading could assess the fairness of the bank charges. The FSA would encourage banks to discuss with the FSA ways in which to resolve this issue; and
•
the FSA’s work on contingency planning in the insurance sector.

Reading a bit much into that? lol...

[EXC]

Re: Appeal Judgment - 26th February 2009 - OFT v Abbey National Plc & Otrs

The answers from the OFT didn't give any indications at all on where they're heading. The reality is they're not going to tell us anything while the investigation & litigation is ongoing and really who can blame them?

We'll just have to hope the HoLs hearing gives us any clues. There could be a case management hearing when the judgment is handed down which could give us some direction

[EXC]

Re: Appeal Judgment - 26th February 2009 - OFT v Abbey National Plc & Otrs

The five judges to hear the appeal have been appointed and include the 2 most senior Law Lords in the House of Lords.

Lord Phillips of Worth Matravers, L. (Senior Lord of Appeal in Ordinary)
Lord Hope of Craighead, L. (Second senior Lord of Appeal in Ordinary)
Lord Walker of Gestingthorpe
Lord Neuberger of Abbotsbury
Lord Mance

[Tools]

Re: Appeal Judgment - 26th February 2009 - OFT v Abbey National Plc & Otrs

And their wiki profiles.

Lord Phillips of Worth Matravers

Lord Hope of Craighead

Lord Walker of Gestingthorpe

Lord Neuberger of Abbotsbury

Lord Mance

[EXC]

Re: Appeal Judgment - 26th February 2009 - OFT v Abbey National Plc & Otrs

Now listed on the HoLs site and looks like they've substituted Lord Hope with Baroness Hale.

http://www.parliament.uk/documents/u...entSitting.pdf

[ROBSTER]

Re: Appeal Judgment - 26th February 2009 - OFT v Abbey National Plc & Otrs

Now listed on the HoLs site and looks like they've substituted Lord Hope with Baroness Hale.

http://www.parliament.uk/documents/u...entSitting.pdf

So there's no Hope in the Banks test case?

LOL

[willowb]

Re: Appeal Judgment - 26th February 2009 - OFT v Abbey National Plc & Otrs

Goodness me...just catching up on the details (well, too much to take in really! lol) I mean, I've been following everything in the news but I've missed out on all this excitement & info here...blimey!

My friend won a 'hardship case' against abbey (I only found out yesterday and don't know the details) I didn't even know about them 'til then....I feel so out of touch!

Wxxx