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Peter Hamilton: Financial consequences of evading the duty of trust

A recent decision of the Court of Appeal illustrates only too clearly that agents owe their principals a fiduciary duty of trust, confidence and single-minded loyalty. This means not acting in any way that does, or could, involve a conflict of interest between the interests of the client and those of the agent, unless the agent […]

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New accountancy rules ‘may hit lending and raise mortgage costs’

A new set of accountancy rules due in 2018 could hit lending levels and increase the cost of mortgages. IFRS9, which has been issued by the International Accounting Standards Board, will change the way banks treat bad debts. At present lenders must calculate and create a loan loss provision for accounts in arrears. Under the […]

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