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Home Insights & thinking Interest rate swaps

Interest rate swaps

26 November 2012

Nick Cox, head of our litigation and dispute resolution team, is acting in an increasing number of complaints raised against banks over the mis-selling of interest rate hedging products.

These products were offered to thousands of small- and medium-sized firms when they took out loans. They were told by their banks that the product would provide an ‘insurance’ against the risk of interest rates rising.

But as interest rates have instead fallen to historic lows, many firms have been left sitting on catastrophic losses.

If you have a concerns about the mis-selling of interest rate hedging products, contact Nick Cox on nick.cox@willans.co.uk

 

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