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ARTICLE · 09 MAY 2013

Interest Rate Swap Mis-Selling

Charles Russell Speechlys LLP
Charles Russell Speechlys LLP
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Charles Russell Speechlys LLP

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The FSA has been in discussions with the banks with regard to them providing appropriate redress for affected customers in relation to the mis-selling of payment protection insurance.

United KingdomFinance and Banking
Stephen Burns
Stephen Burns
Ben Hay
Ben Hay

You have probably seen or heard numerous television and radio adverts relating to the mis-selling of payment protection insurance (or PPI as it is often referred to). Many customers entered into a PPI arrangement without receiving proper advice or even without knowing that they had been sold the insurance as part of another financial arrangement. However, unfortunately this is not the only financial mis-selling scandal to tarnish the reputation of the major banks.

These banks have also been embroiled in allegations by the Financial Services Authority (FSA) (the banking regulator) following complaints of the mis-selling of hedging products (including "Swaps", "Caps", "Collars" and "Structured Collars").

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