Interest Rate Swap Derivatives

Debate between Baroness Laing of Elderslie and Guto Bebb

Thursday 24th October 2013 Commons Chamber

[Madam Deputy Speaker (Mrs Laing)]

If the Minister has finished his intervention, the hon. Gentleman may conclude his speech.

[Guto Bebb]

I appreciate that offer very much, Madam Deputy Speaker.

Question put and agreed to.

Resolved,

That this House considers the lack of progress made by banks and the Financial Conduct Authority on the redress scheme adopted as a result of the mis-selling of complex interest rate derivatives to small and medium businesses to be unacceptable; and notes that this lack of progress is costly and has caused further undue distress to the businesses involved.