The SAFE "LawLab - Fintech & AI" organizes and cordially invites you to attend a lecture on the paper
Authorised Push Payment' Bank Fraud: What does an Effective Regulatory Response Look Like?
LSE Legal Studies Working Paper No. 11/2024
to be held on Tuesday, 21 January 2025, 2:00 p.m. - 4:00 p.m.,
room HoF E.21, House of Finance
REGISTRATION
Presenter: Jo Braithwaite, LSE Law School, London
Discussants:
Christian Schmies, Hengeler Müller
Arne Wittig, Deloitte Legal Deutschland
Introduction & Moderation
Katja Langenbucher, SAFE "LawLab – Fintech & AI" and Goethe University
Authorised Push Payment (APP) fraud occurs where bank customers are tricked into transferring money from their account. This type of fraud is a growing threat, catalysed by the rise of remote banking. However, long-standing legal and regulatory rules leave most victims without a route to redress, as recently confirmed by the UK Supreme Court's 2023 decision in Philipp v Barclays. Through this lens, the presentation discusses a new and 'world first' UK regulatory response, which includes a mandatory reimbursement scheme for APP fraud victims in certain circumstances.
Jo Braithwaite is professor of international commercial finance law at London School of Economics - Law School. Her current and ongoing research interests relate to the use of private law in the international markets, with a particular focus on the derivatives markets, the use of standard form contracts and the resilience of financial market infrastructure.
Join us to gain valuable insights and engage in exchanging ideas about regulatory response in Germany and other countries in Europe.
Please note that registration is required.
We are looking forward to welcoming you at our event!