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Mis-sold Foreign Exchange Products

The recent focus within the UK has been upon interest rate hedging products (IRHPs) with the UK’s largest banks having remediation enforced by the FCA (s. 166 review), specifically covering SME customers.  There are many direct parallels with the sales of IRHPs for interest rate hedging and currency derivatives for currency hedging.

The interaction of the factors impacting currency exchange rates and Foreign Exchange Products (FX), is highly unpredictable and volatile, thus making it extremely difficult for a business to foresee what its potential exposure would be.

What is a Foreign Exchange (FX) Product?

Obligations of the Adviser or Sales Person for FX Products

The FX Market background

How was this service mis-sold?


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PFCA Code of Practice

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