More Than 90% Of IR Swaps Mis-Sold, Says FSA

31 Jan 2013

The U.K. Financial Services Authority says more than 90% of the interest rate swaps sold by big banks to small businesses did not comply with at least one or more regulatory requirements.

The U.K. Financial Services Authority says more than 90% of the interest rate swaps sold by big banks to small businesses did not comply with at least one or more regulatory requirements. The FSA has confirmed that Barclays, HSBC, Lloyds and RBS will start the full review of ...

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