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  • Posts Tagged ‘Hedging’

    Court of Appeal Judgment: Green & Rowley v The Royal Bank of Scotland

    Posted on October 9th, 2013 by Jenny Julian

     Neutral Citation Number: [2013] EWCA Civ 1197 Case No: A3/2013/0138 IN THE COURT OF APPEAL (CIVIL DIVISION) ON APPEAL FROM THE HIGH COURT OF JUSTICE MANCHESTER DISTRICT REGISTRY His Honour Judge Waksman QC [2012] EWHC 3661 (QB) Royal Courts of […]

    Interest Rate Swaps Mis-selling: FCA Publishes IRHP Review Statistics

    Posted on September 4th, 2013 by Jenny Julian

    The FCA have today published an update on the banks’ reviews of the sale of interest rate hedging products (“IRHPs”). Despite attempts by the FCA to say that good progress is being made, the figures expose that the Review process […]

    Green & Rowley -v- The Royal Bank of Scotland: Appeal Dismissed

    Posted on July 29th, 2013 by Jenny Julian

    In a hearing that, after months of anticipation and an intervention by the FCA, proved in the end to something of a damp squib, the appeal in Green & Rowley was quickly determined by the Court of Appeal earlier today […]

    Green & Rowley v RBS considered by Court of Appeal

    Posted on July 29th, 2013 by Jenny Julian

    Swaps Mis-selling case, Green and Rowley v RBS, is today being heard in the Court of Appeal.  The appeal from the Queen’s Bench Division (Commercial) is being heard before Court of Appeal (Civil) Judges: Lord Justice RICHARDS, Lady Justice HALLETT and Lord […]

    ‘FCA Swaps Review’ Update: Comment on Bank IRHP Review Delays with Statistics from the FCA

    Posted on July 25th, 2013 by Jenny Julian

    We advise many businesses who have been mis-sold over the counter derivatives by banks such as RBS, Barclays, Lloyds, HSBC, Clydesdale and many others. We entirely understand the significant detrimental impact that this issue has had and continues to have […]

    ‘FCA Review’ of Interest Rate Hedging (IRHP) Sales: Written Statement or ‘Fact Find’ Interview?

    Posted on July 7th, 2013 by Jenny Julian

    We outline the dangers to small business customers of recorded interviews in what is commonly known as the “FCA/FSA Review” of  sales of derivatives (eg interest rate swaps – IRHPs) but is actually a review conducted by the bank itself […]

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    The Banking Commission’s Proposals relevant to Swaps Mis-selling

    Posted on June 19th, 2013 by M Ali Akram

    The Parliamentary Commission on Banking Standards today publishes its Final Report – ‘Changing banking for good’.  It outlines the radical reform required to improve standards across the banking industry. We examine how the Final Report deals with issues of LIBOR […]

    Swaps Complaints in the Financial Ombudsman Service Annual Review for 2012/2013

    Posted on June 4th, 2013 by Jenny Julian

    The Financial Ombudsman Service (FOS)  was set up under the Financial Services and Markets Act 2000 to resolve individual disputes between consumers and financial businesses. It has just published its 2012/2013 annual review of consumer complaints. We focus on the comments on […]

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    The Times: Banks’ secretly settling swaps mis-selling cases

    Posted on March 30th, 2013 by Jenny Julian

    The Times Newspaper has been given inside information from a number of reputable sources that banks are striking secret settlement deals with small businesses over the mis-selling of interest rate swaps on the eve of court proceedings.  It is clear when […]

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

    Posted on February 28th, 2013 by Jenny Julian

    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 also show a provision of £700 million in relation to the […]

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