CPD Hours Level
Learn Live 1.5 UpdateInformation
SRA Competency B


This new virtual classroom seminar will consider the liability of banks to protect their customers from fraud.

The Contingent Reimbursement Model Code has proved to be something of a damp squib and its operation is already under review.

The extent of banks’ liability (the Quincecare duty) is a rapidly evolving area of law with a number of landmark decisions in 2022.

In Philipp v Barclays Bank the duty was expanded, both in terms of the types of customers protected and the types of fraud protected against.

In Nigeria v JP Morgan Chase, the application of the duty was tested at trial.

In Stanford International Bank Ltd v HSBC Bank plc, the Supreme Court decided how the duty interacts with insolvency law.

What You Will Learn

This live and interactive session will cover the following:

  • How the Contingent Reimbursement Model Code works in theory, and in practice
  • How, and why, the Court of Appeal decided personal customers could claim that banks had breached the Quincecare duty
  • How the Quincecare duty applies to cases of Authorised Push Payment (APP) fraud
  • How the Quincecare duty interacts with banks’ obligations to combat money laundering and terrorist financing
  • What the High Court decided in Nigeria v JP Morgan Chase the Quincecare duty requires of banks in practice
  • What the Supreme Court decided in Stanford International Bank Ltd v HSBC Bank plc about the application of the Quincecare duty in an insolvency situation
  • Likely and possible future developments, to the Quincecare duty, to the Contingent Reimbursement Model Code, and more generally

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.

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Learn Live | 27.02.2023

N/A | 9:00am - 10:30am

Protecting Customers Against Fraud - Exploring the Liability of Banks

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9:00am - 10:30am

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Discounts are available for multiple places. If you have 5 or more people interested in participating in this virtual learning session please email us at group@mblseminars.com for more information.

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