Interest Rate Swap Event – 7th February 2013

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Posted in:Banking and Finance|February 25, 2013 | Join the mailing list

Berg and Pro-Manchester teamed up to deliver a breakfast brief at RSM Tennon on interest rate swaps. There was a large turnout from a wide range of Manchester businesses for the event. Such was demand that extra seats had to be squeezed in,
which we think demonstrated the interest in this topic.

Alison Loveday "took to the stage" first and used the Berg infographic
to explain interest rate swaps in layman’s terms. Many attendees had a basic understanding of a swap but were keen to know more.

Ken Deary, an interest rate swap client of Berg, then gave the attendees an insight into how the interest rate swap affected his business and the high pressured tactics he felt had been used to sell the product to him. It was very interesting
for people to hear first-hand what affect a swap can have on a business and how Berg are helping him move his case forward.

Abhishek Sachdev of Vedanta Hedging followed, giving an insight into the FSA’s redress scheme and how it had come about, and the way in which the products were sold (or mis-sold!).  An ex-trader, turned expert, Abhishek offered a key insight
into what the culture in the banks was like when the mis-selling occurred. 

Following the presentations, the audience took part in a valuable Q & A session. Berg also tweeted live from the event (@interestrateswa) and a number of questions were received over twitter.

If you think that you may have been mis-sold an interest rate protection product, have a client who has been mis-sold or have any other financial or banking issues, please contact us through our website or on 0161 833 9211.

We adopt a holistic approach to these cases, and can advise on a whole range of issues a business experiences when dealing with an interest rate swap – including its continued financial viability, potential insolvency, restructuring, assistance
with refinancing, negotiation/mediation, as well as guiding clients through the FSA review and/or Court proceedings.

 To discuss how we can provide further advice in connection with these issues, please contact Alison Loveday, Managing Partner and Head of Employment, by email to or alternatively you can call Alison on 0161 833 9211.
 The information and opinions contained in this article are not intended to be comprehensive or to provide legal advice.  No responsibility for this article’s accuracy or correctness is assumed by Berg or any of its partners or employees.  Professional legal
advice should be obtained before taking, or refraining from taking, any action as a result of the contents of this article.

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