Interest rate swap mis-selling: A year on, where are we now?

Meet the team:

  • Tel: +44 (0) 161 829 2599
berg logo
Share this post: linkedin Twitter facebookshare Email
Posted in:Banking and Finance|June 12, 2013 | Join the mailing list

On 29 June 2012 the Financial Services Authority ("FSA") issued a press release confirming that they had found systematic mis-selling of IRHPs (interest rate hedging products) by the banks. This mis-selling was primarily to SMEs (small & medium sized enterprises)
however private individuals were also victims of the sales tactics employed by the banks.

In advance of a full review of all IRHPs,or hedging products sold, the FSA launched a Pilot Study. This pilot study found regulatory breaches in over 90% of the 173 IRHP sales it considered.

Working with clients from across the country, Berg have been at the forefront of securing compensation for those businesses and individuals who have been affected by IRHP mis-selling.

Berg Report: Interest Rate Swaps a year on; where are we now?
Berg’s team of Banking and Financial regulation specialists have put together a report that looks at how the mis-selling scandal has developed over the past 12 months and considers what has happened and what you can expect to happen next.

Click here to download your copy of the report

Join our mailing list

More from berg


“I am genuinely impressed by berg and it feels like a firm going in a good direction. I think this is largely due to Alison who is probably the best lawyer I have worked with.  Edward helped us dea...

Sebastian Parsons, Litigation & Restructuring client

berg supported our start up 'Catch my parcel' consumer test, via terms and conditions and contract development. This work was done fast, good value and fit for purpose…just what we needed.  David K...

David Kirby, My Neighbour Ltd., Corporate & Commercial client