The financial services sector is also concerned that some judges have not understood the workings of the sector and have ordered compensation which might not have been merited. David Bauer of DLA Piper’s Vienna office said: ‘The general trend [of these rulings] runs in favour of investors and more consumer protection at the expense of the banks. There is a feeling among bankers that the judges do not understand the complexity of the products and the situations.’ Source: Financial Times
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