Dan Eziefula#1448

Dan Eziefula

Dan specialises in advising banks and other financial services firms in relation to both civil litigation and regulatory investigations. Dan has considerable experience in mis-selling claims (including regarding interest rate derivatives) and has advised on a number of FCA investigations, including regarding a life assurance firm's compliance with the FCA inducements rules and regarding sales of card protection insurance products. Dan has also completed a secondment in the UK wealth management branch of an international bank, primarily advising on the effect and implementation of new UK and EU regulation.
Contributed to


No duty of care owed to customers in connection with FCA past business reviews
No duty of care owed to customers in connection with FCA past business reviews
Practice notes

Since 2015, the courts have grappled with the claimant argument that financial institutions owe duties of care in tort directly to their customers in connection with their conduct of the past business review of interest rate hedging product sales announced by the Financial Conduct Authority (FCA), then the Financial Services Authority (FSA) in 2012 (the Review). A number of contradictory High Court decisions followed. This Practice Note discusses the 2017 Court of Appeal decisions which clarified—in three conjoined appeals—that such claimants have little prospect of bringing such claims against the banks conducting that Review.

Practice Areas


  • Contributing Author

Qualified Year

  • 2012


  • University of Bristol Bachelor of Arts in Philosophy
  • University of Oxford Bachelor of Arts in Law
  • BPP Law School Legal Practice Course

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