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The Great Interest Rate Swap Saga: Are You Eligible for Consequential Losses
The Financial Conduct Authority (FCA) recently published its four month update on the banks' review of sales of interest rate hedging products or 'swaps'. This marks the first time that the FCA has provided a detailed breakdown of the potential liability faced by the nine banks that have signed up to the customer compensation scheme. Monthly updates from the FCA are now expected to follow
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