Global Regulation, Local Solutions Emerging Themes 2020 - Page 52



FINANCIAL CRIME AND INVESTIGATIONS
EMERGING THEMES 2020
COLLECTIVE
ACTION
UK COLLECTIVE CARTEL CLAIMS:
AN EMERGING RISK CLASS
In recent years competition enforcement has pivoted
from traditional industrial manufacturing sectors to
the financial sector, bringing with it an increase in
follow-on legal claims from aggrieved businesses
and consumers. The new collective claims regime in
the UK is an emerging risk for the financial sector, but
the early settlement approach favoured in US class
actions is not necessarily what fits the bill here.
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