Author: Sivakumaran Sivathillainathan

Interest Rate Hedging Product (IRHP) Review: Confidential agreement between FCA and major banks published

The Financial Conduct Authority’s confidential agreement with several major banks, which set up the Interest Rate Hedging Product (IRHP) Review, was published today. The Treasury Select Committee has also…

Fixed Rate Tailored Business Loan Mis-selling: Clydesdale & Yorkshire Bank’s Internal TBL Review

Following hundreds of complaints, lobbying and several adverse adjudications by the Financial Ombudsman Service and recent pressure from the Treasury Select Committee on SME Lending, National Australia Bank…

Barclays’ attempt to strike-out swaps mis-selling claim (on limitation defence) dismissed by High Court

The High Court (Queen’s Bench Division) has recently dismissed an attempt by Barclays Bank to strike-out an interest rate hedging product (IRHP) mis-selling claim for being issued more…