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Kingsley Napley’s Medical Negligence Team ‘walks together’ with the Dame Vera Lynn Children’s Charity
Sharon Burkill
Interest rate swap misselling claims have increasingly become another key battleground area in financial services litigation against banks. However, succeeding in such claims has so far proved difficult for claimants and the recent reported cases that have gone before the Courts will have given the banks confidence in defending such claims. In a recent blog 'Claims against banks – your 10 point guide' we examined a number of issues which you should consider before bringing a claim against a bank in relation to the misselling of an interest rate hedging product or other financial product.
There are a vast number of individuals and business considering whether to litigate against banks in the wake of the global financial crisis. Before starting any such action, it would be wise to weigh up the following issues...
It was reported in the Sunday Telegraph on 21 April 2013 that the Financial Conduct Authority (FCA) (formerly known as the ‘Financial Services Authority’ (FSA)) is facing a claim for judicial review of its Redress Scheme (“the Review”) which was intended to provide redress to individuals and businesses that were mis-sold interest rate hedging products. The FCA took over the Review of interest rate hedging products on 1 April 2013, as a consequence of the Financial Services Act 2012.
Sharon Burkill
Natalie Cohen
Caroline Sheldon
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