Banking Expert Witness Services for Standards of Care

In the financial world, issues of legality come up time and time again. In these situations, the only way to rectify legal issues is by bringing cases to court. These circumstances are often challenging for both the defense and the prosecution, due to the complexity and depth of banking and financial law. For this very reason, having a banking expert witness on hand can turn your case from a confusing mire of dense financial legalese into a clean, concise presentation of easy-to-understand facts.

As with any case, presenting your side in simple terms is paramount. If the jury fails to understand the facts, the trial could be declared a mistrial or, worse, you could simply lose your case. One of the most confusing areas of financial law involves standards of care. Standards of care are based on the idea that there is an implied trust between professional financiers and their clients. A banking expert witness can easily explain this murky area of financial law in terms that the jury can understand.

A major aspect of Standards of Care is what is called “good faith.” Good faith is defined as “honesty in fact and the observance of reasonable commercial standards of fair dealing.” A banking expert witness can help you better explain the shades of grey that comprise the idea of good faith.