Swaps, betting and the law – JIBFL, October 2015
1st Oct 2014
In this article Professor Julian Roberts finds an answer in the common law that could offer redress to buyers of loss-inducing “hedging swaps”.
Derivatives play a central role in the modern financial markets. Although, in the hands of the unwary, they can lead to ruinous losses, provisions exist to limit such dangers. Principally, this is done by regulating the duties of originators towards their more vulnerable customers. e current Financial Conduct Authority (FCA)-sponsored review of interest rate hedging products (IRHPs) is an aspect of this regulatory intervention.
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Julian Roberts Call 1987