COMPENSATION PROJECT : CASE BANK OF ENGLAND
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COMPENSATION CAMPAIGN FOR PARTIES POTENTIALLY AFFECTED BY THE BoE’s ALLEGED FAILURE TO COMPLY WITH ITS FINANCIAL STABILITY OBJECTIVE
Have you or your business suffered as a result of the actions of major UK banks? Have you faced inexplicable loan rejections, unfair fees, or the sudden closure of your local branch, leaving you with no access to essential services? Have your investments lost value due to financial institutions taking reckless, undisclosed risks with your capital? You are not alone. Our investigations have uncovered evidence suggesting that systemic failures in risk management, anti-competitive practices, and a disregard for customer welfare by some of the largest banks may have caused widespread financial harm to individuals, small and medium-sized enterprises, and investors across the United Kingdom. We believe that those who have suffered these losses deserve compensation. Competition & Consumer Organisation Party Limited (COCOO) is building a collective action to hold these institutions accountable and seek restitution for the damages you have incurred. If you believe you have been a victim of these practices, we invite you to join our group of claimants. Sharing your experience will strengthen our collective case and is the first step towards achieving justice. Your information will be treated with the strictest confidence. Please contact our legal team to register your interest and learn more about how we can fight for the compensation you deserve.
We are launching a compensation campaign for parties who may have been affected by the ongoing potential failure of the Bank of England (BoE) to adequately fulfil its statutory financial stability objective. We invite you to consider if you are one of those affected.
Potential affected parties could include consumers, businesses, investors, and other stakeholders who have suffered or may suffer economic harm or loss due to systemic risks within the UK financial system that the Bank of England may have failed to properly identify, assess, mitigate, or transparently address. This includes those impacted by financial instability incidents, market distortions, or a general lack of confidence arising from perceived regulatory shortcomings
COMMON HARM
The common harm we are investigating stems from the BoE’s alleged systemic oversight deficiencies. These deficiencies potentially expose the UK public and its economic operators to undue financial risks, such as those highlighted by recent international banking stresses related to interest rate risk, liquidity shocks, and governance failures. Further, policy decisions like the delayed UK implementation of Basel 3.1 standards, and potential inadequacies in addressing risks from high market concentration or negative externalities like ESG-related financial risks, could contribute to a common environment of heightened financial vulnerability
BENEFITS OF JOINING
- Access compensation mechanisms.
- Express your concerns and provide evidence: You will have a platform to detail the damages suffered.
- Propose solutions: You will be able to contribute practical and legal ideas.
- Strengthen transparency and fair competition: You will support a constructive debate on the correct application of EU rules and the promotion of competitive markets.
- Restore trust: Your participation can be decisive in restoring the integrity of the competitive framework and the confidence of economic operators
Subscribing to a compensation campaign means joining a community of potentially affected parties to facilitate their compensation. Subscribing to a compensation campaign does not create an attorney-client relationship and does not commit you to any obligation, fee, or cost
ABOUT US
COCOO.uk is a British non-profit organisation dedicated to the promotion of fair competition, the protection of investors and consumers, and the safeguarding of the public interest. Our objective is collective redress on behalf of consumers and competitors to protect and promote their right to discipline responsible parties, both public and private. Oscar Moya LLedo is our Solicitor (the British equivalent of an “Abogado”) and plays a fundamental role in our mission to promote fair competition and protect the rights of consumers and businesses. OUR FILESMY NOTES
Our Campaigns follow three phases:
PHASE 1: Identification of systematic deficiencies in compliance with legislation that protects consumers, competitors, and the public interest.
PHASE 2: Identification of potentially affected parties and uniting them through this platform. Most victims never receive compensation and never find out that they are victims entitled to compensation or restitution. This creates a significant imbalance in the justice system to the disadvantage of consumers and competitors. That is why we need to unite. United, we gain power to negotiate on equal terms.
PHASE 3: Negotiation of the payment of financial compensation or restitution to the affected parties
This campaign is crucial because the Bank of England may not be fully discharging its critical public functions related to maintaining UK financial stability. Despite raising serious and detailed concerns, based on extensive analysis, the Bank’s response has been to direct us to general website information, which we consider an inadequate and potentially unlawful failure to engage substantively. Consequently, COCOO.uk has issued a formal Letter Before Claim for Judicial Review to challenge the Bank’s ongoing potential omissions and its dismissal of our legitimate concerns. We aim to ensure the Bank lawfully discharges its critical public functions in a manner that is rational, evidence-based, transparent, and considers all relevant factors. Most victims of systemic failures often never receive compensation or even realise they are entitled to it; this campaign seeks to address that imbalance by uniting affected parties
ACTUAL AND POTENTIAL HARM
COCOO.uk is exploring all avenues for redress, including potential causes of action in tort where specific duties of care may have been breached by the Bank of England, leading to foreseeable economic loss. This could arise if the Bank’s alleged ongoing failure to adequately identify, assess, monitor, mitigate, and respond to known and emerging systemic risks constitutes negligence. The perjuicios, or harms, could include direct financial losses due to instability or bank failures, reduced value of investments, or broader economic damage impacting businesses and consumers due to a compromised financial system. We will investigate whether the Bank’s actions or omissions, such as its approach to the Basel 3.1 delay or its response to our detailed concerns, were irrational or involved a failure to consider relevant factors, potentially giving rise to liability for ensuing damage
LEGAL NOTICE
Joining a Compensation Campaign does not create a lawyer-client relationship and does not commit you to any obligation, fee, or cost. The allegations set forth herein are subject to an ongoing investigation and have not been proven before a court of law, unless otherwise indicated. All information provided will be treated confidentially in accordance with data protection regulations. This document contains the opinions, beliefs, and allegations of COCOO.uk based on currently available information and presented in good faith. These statements are subject to further investigation and should not be construed as definitive facts unless so established in a legal proceeding. COCOO.uk is a charitable society, not a law firm. The statements set forth herein are based on current information and are subject to further investigation. The basis for collective action resides in the fact that multiple entities and/or individuals may have suffered similar economic harm as a result of common conduct, for example, the overcharge paid by consumers or businesses, or mismanagement by the public sector