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Scotsman reports on FSA investigations into hedging and swaps

Scotsman reports on FSA investigations into hedging and swapsPosted on May 06, 2012 by  | 0 Commentsarticle in the Scotsman today reporting that the FSA is at long last planning to investigate the issue of the mis-selling of swaps and other hedging products to small businesses – although the investigation at present is limited to the FSA asking the UK major clearing banks for further information in order to consider whether a more in-depth investigation. Progress? Time will tell but it seems a somewhat lukewarm response to the growing pressure on the FSA to take decisive action.  
  1453 Hits
1453 Hits

Hidden dangers of swap agreements: misselling of interest rate swaps by the Banks

Hidden dangers of swap agreements: misselling of interest rate swaps by the BanksPosted on Apr 19, 2012 by Cat Maclean  | 0 CommentsLeading up to the beginning of 2008, large numbers of small and medium size businesses agreed, often on the advice or insistence of the Bank, to financial products  known as “swaps” or "hedges" in order to protect themselves against interest rate rises on their borrowings. While banks eagerly explained the benefits of swaps, in numerous cases they omitted advising the customers of the, often enormous, potential risks. Not only were those customers left paying increased monthly repayments when the...
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1342 Hits

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