Westminster News

Guto Bebb welcomes FSA redress scheme for SMEs

The Financial Services Authority (FSA) has confirmed that Barclays, HSBC, Lloyds and RBS will start the full review of their sales of interest rate hedging products (IRHPs) to small businesses. Following a long campaign from Aberconwy MP Guto Bebb, which led to  the FSA announcing in June last year that it had found serious failings in the sale of IRHPs.