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FX hedging and FX mis-selling: lessons learned
Reports & Whitepapers

FX hedging and FX mis-selling: lessons learned

Samantha Bett Corporates, Real Estate May 2018

The UK clearing banks were forced to get their houses in order following the March 2013 FCA review into the sale of Interest Rate Hedging Products (IRHPs) to SME clients. With the review concluding that a massive 90% of sales to UK SME’s between 2001 and 2012 did not comply with one or more regulatory requirements, it was clear there were significant problems in the sales processes at the UK banks.

The negative publicity, lack of trust and expense of administering the FCA review and associated litigation resulted in all of the UK banks tightening up their procedures for the sale of interest rate derivatives.

Download this report to discover how to get FX hedging right within your organisation and how to combat FX mis-selling.

 

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