On 29 June 2012 the FSA issued an update on its investigation into complaints about the alleged mis-selling of such products by Barclays, HSBC, Lloyds and RBS. The FSA reported that it had found “serious failings in the sale of interest rate hedging products” to SMEs and announced some details of a limited scheme, agreed with the major banks, which the FSA hopes will provide appropriate redress for affected customers.
Edward has specialist experience of a broad range of banking and financial services disputes (both retail and commercial, domestic and international). Having acted in a wide variety of mis-selling claims (acting for banks and financial institutions as well as business and retail customers), in the past year he has developed particular expertise in the issues arising from disputes about the sale of interest rate hedging products (including swaps, caps, floors and collars) to SMEs.
