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FSA expected to publish further details of their agreement with the banks relating to mis-selling of interest rate hedging products

Posted on Jul 16, 2012 by  | 0 Comments

The FSA is expected to publish further details of their agreement with RBS, Barclays, HSBC and Lloyds.

It is widely anticipated that Clydesdale Bank and Yorkshire Bank will also enter into the FSA agreement.

The FSA agreement with the banks was announced at the end of last month. The compensation scheme was welcomed by many as being good for smaller businesses.

We are eagerly awaiting the FSA's update as we know only too well, the devil is in the detail. We will update the blog as soon as the FSA make a further announcement.

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