Tag: FSA

RBS Announce Results: Provision for Swaps Mis-selling Increased by 1300%

The Royal Bank of Scotland have today announced their 2012 results.  These show an operating loss of £5.2 billion with a total loss for 2012 of £5.8 billion. They…

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What is Sophistication in the FSA Swaps Mis-selling Scheme?

The Financial Services Authority’s announcement on the swaps mis-selling pilot reviews (31 January 2013) brought in a refinement of the 29 June 2012 announced test of sophistication. That test…

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FSA Findings on Banks’ Pilot Swaps Mis-selling Review

The FSA has today published a long-awaited press release setting out the findings of their ‘pilot scheme’ in relation to the mis-selling of complex interest rate derivatives to…

The Manipulation of LIBOR by the Banks and the Impact on Interest Rate Swap Mis-selling Claims

The Financial Services Authority (FSA) have issued a press release indicating that Barclays Bank has been fined for the manipulation of global benchmark interest rates LIBOR and EURIBOR.…