48734
2015-16
946
Selling Of Complex Financial Products Known As Embedded Swaps And Fixed Rate Swaps
Paul Monaghan
2016-01-12
That this House recognises that many thousands of small and medium-sized businesses across the UK have been inappropriately sold complex financial products, including so called embedded swaps and fixed rate swaps; notes that many of these embedded swap products were sold without proper explanation of either the conditions or costs associated; expresses concern that while fixed rate swaps purchased as an independent product are included in the current Financial Conduct Authority (FCA) review scheme, swaps embedded in business loans are not, and remain unregulated by the FCA; and calls on the Government to undertake a review of these products, to provide redress for those affected in the past and to ensure proper regulation of such financial products in the future.
Financial services
Small businesses
Paul Monaghan
2016-01-12
Proposed
Caithness, Sutherland and Easter Ross
Scottish National Party
Carol Monaghan
2016-01-12
Seconded
Glasgow North West
Scottish National Party
Ian Blackford
2016-01-12
Seconded
Ross, Skye and Lochaber
Scottish National Party
Ronnie Cowan
2016-01-12
Seconded
Inverclyde
Scottish National Party
Callum McCaig
2016-01-12
Seconded
Aberdeen South
Scottish National Party
Margaret Ferrier
2016-01-12
Seconded
Rutherglen and Hamilton West
Scottish National Party
Martin Docherty
2016-01-12
Signed
West Dunbartonshire
Scottish National Party
Mark Durkan
2016-01-12
Signed
Foyle
Social Democratic and Labour Party
Alan Meale
2016-01-13
Signed
Mansfield
Labour
Michael Weir
2016-01-13
Signed
Angus
Scottish National Party
Liz Saville Roberts
2016-01-13
Signed
Dwyfor Meirionnydd
Plaid Cymru
Chris Stephens
2016-01-13
Signed
Glasgow South West
Scottish National Party
Jonathan Edwards
2016-01-13
Signed
Carmarthen East and Dinefwr
Plaid Cymru
Peter Bottomley
2016-01-13
Signed
Worthing West
Conservative
Martyn Day
2016-01-13
Signed
Linlithgow and East Falkirk
Scottish National Party
Alasdair McDonnell
2016-01-14
Signed
Belfast South
Social Democratic and Labour Party
Calum Kerr
2016-01-14
Signed
Berwickshire, Roxburgh and Selkirk
Scottish National Party
Neil Gray
2016-01-14
Signed
Airdrie and Shotts
Scottish National Party
Stewart McDonald
2016-01-14
Signed
Glasgow South
Scottish National Party
Angus MacNeil
2016-01-14
Signed
Na h-Eileanan an Iar
Scottish National Party
Drew Hendry
2016-01-14
Signed
Inverness, Nairn, Badenoch and Strathspey
Scottish National Party
Chris Law
2016-01-14
Signed
Dundee West
Scottish National Party
Margaret Ritchie
2016-01-18
Signed
South Down
Social Democratic and Labour Party
Roger Mullin
2016-01-18
Signed
Kirkcaldy and Cowdenbeath
Scottish National Party
Mhairi Black
2016-01-18
Signed
Paisley and Renfrewshire South
Scottish National Party
Caroline Lucas
2016-01-18
Signed
Brighton, Pavilion
Green
Joanna Cherry
2016-01-18
Signed
Edinburgh South West
Scottish National Party
Pete Wishart
2016-01-18
Signed
Perth and North Perthshire
Scottish National Party
Corri Wilson
2016-01-18
Signed
Ayr, Carrick and Cumnock
Scottish National Party
Stuart McDonald
2016-01-18
Signed
Cumbernauld, Kilsyth and Kirkintilloch East
Scottish National Party
John Nicolson
2016-01-18
Signed
East Dunbartonshire
Scottish National Party
Natalie McGarry
2016-01-18
Signed
Glasgow East
Scottish National Party
Lisa Cameron
2016-01-19
Signed
East Kilbride, Strathaven and Lesmahagow
Scottish National Party
Roger Godsiff
2016-01-19
Signed
Birmingham, Hall Green
Labour
Angela Crawley
2016-01-20
Signed
Lanark and Hamilton East
Scottish National Party
Bob Blackman
2016-01-20
Signed
Harrow East
Conservative
Gavin Newlands
2016-01-20
Signed
Paisley and Renfrewshire North
Scottish National Party
Kirsten Oswald
2016-01-21
Signed
East Renfrewshire
Scottish National Party
Patricia Gibson
2016-01-25
Signed
North Ayrshire and Arran
Scottish National Party
John McNally
2016-01-25
Signed
Falkirk
Scottish National Party
Steven Paterson
2016-01-25
Signed
Stirling
Scottish National Party
Kirsty Blackman
2016-01-25
Signed
Aberdeen North
Scottish National Party
Stephen Gethins
2016-01-27
Signed
North East Fife
Scottish National Party
Tasmina Sheikh
2016-01-27
Signed
Ochil and South Perthshire
Scottish National Party
Deidre Brock
2016-01-27
Signed
Edinburgh North and Leith
Scottish National Party
Mark Williams
2016-02-01
Signed
Ceredigion
Liberal Democrat
Alistair Carmichael
2016-02-01
Signed
Orkney and Shetland
Liberal Democrat
Richard Arkless
2016-02-03
Signed
Dumfries and Galloway
Scottish National Party
Alan Brown
2016-02-22
Signed
Kilmarnock and Loudoun
Scottish National Party
Brendan O'Hara
2016-02-23
Signed
Argyll and Bute
Scottish National Party
Jim Dowd
2016-02-23
Signed
Lewisham West and Penge
Labour
Virendra Sharma
2016-02-23
Signed
Ealing, Southall
Labour
Douglas Chapman
2016-03-01
Signed
Dunfermline and West Fife
Scottish National Party
Owen Thompson
2016-03-01
Signed
Midlothian
Scottish National Party