5 Ways to Protect Your Company from Mis-Sold Swaps

by Gurpreet Banwait, FINCAD

May 2013 – In June 2012, the Financial Services Authority (FSA) revealed that banks may have been mis-selling interest-rate hedging products (IRHPs) to businesses. Almost a year later, after assessing eight large UK banks, the FSA has released a pilot report announcing that an estimated 90 percent, or about 40,000 IRHPs, were mis-sold to unsophisticated users from 2001 to present.

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