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Over the recent years, more and more clients and third parties have filed claims against financial institutions such as for misselling financial products, poor financial advice, insufficient disclosure of and warning for financial risks.
The scope of the duty of care of financial institutions seems to expand: from protection of consumers against unclear risks of complicated products to protection of professional parties and against more obvious risks of relatively straightforward products.
This topic raises many questions, both at a theoretical and practical level. This book provides a rich source of information about how various jurisdictions (Austria, Canada, France, Germany, Ireland, Italy, the Netherlands, Spain, the United Kingdom and the United States) deal with these questions and how answers are found or embedded in the national legal system. On this basis the book also provides a thorough comparative analysis and perspective.
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