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Judicial review in the financial services sector: a question of risk and reward
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Successful judicial review challenges are rare – those in the financial services sector perhaps particularly so. Does the rarity of successful challenges explain why financial institutions may overlook their public law rights when engaging with regulators? This article explores recent examples of judicial review in the financial services sector, the risks involved for financial institutions in bringing such claims, and key considerations for those wishing to exercise their public law rights.
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