The Financial Conduct Authority (FCA) is considering raising the redress limit available to small business complainants from the Financial Ombudsman Service (FOS) above its current limit of £150,000.
Banks have paid out a total of £482m in redress to those they have missold interest rate hedging products, figures from the Financial Conduct Authority (FCA) show.
The interest swap mis-selling redress scheme has now paid out more than £306m to affected small businesses.
The Financial Conduct Authority (FCA) is urging thousands of small firms affected by the interest rate swaps mis-selling scandal to hurry up with their compensation claims or risk missing out on money due to them.
Tullett Prebon's chief executive Terry Smith wrote a letter to the International Swaps and Derivatives Association (ISDA) back in 2010 to question the rate setting process, but was ignored, the Telegraph reports.
Businesses affected by the interest rate swap mis-selling scandal should have their payments suspended, according to a senior Treasury minister.
Regulators and ETP providers should more clearly differentiate between traditional ETFs and those using complex strategies that "add unexpected risk", according to Evercore Pan-Asset (EPA).
Three-quarters of investors prefer to use physical ETFs and only 8% would use swap-based funds as their first choice, according to Morningstar.