Early day motion 946

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SELLING OF COMPLEX FINANCIAL PRODUCTS KNOWN AS EMBEDDED SWAPS AND FIXED RATE SWAPS

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.

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Total number of signatures: 54

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Showing 54 out of 54

Name Party Constituency Date Signed
Ahmed-Sheikh, Tasmina Scottish National Party Ochil and South Perthshire 27.01.2016
Arkless, Richard Scottish National Party Dumfries and Galloway 03.02.2016
Black, Mhairi Scottish National Party Paisley and Renfrewshire South 18.01.2016
Blackford, Ian Scottish National Party Ross Skye and Lochaber 12.01.2016
Blackman, Bob Conservative Party Harrow East 20.01.2016
Blackman, Kirsty Scottish National Party Aberdeen North 25.01.2016
Bottomley, Peter Conservative Party Worthing West 13.01.2016
Brock, Deidre Scottish National Party Edinburgh North and Leith 27.01.2016
Brown, Alan Scottish National Party Kilmarnock and Loudoun 22.02.2016
Cameron, Lisa Scottish National Party East Kilbride Strathaven and Lesmahagow 19.01.2016
Carmichael, Alistair Liberal Democrats Orkney and Shetland 01.02.2016
Chapman, Douglas Scottish National Party Dunfermline and West Fife 01.03.2016
Cherry, Joanna Scottish National Party Edinburgh South West 18.01.2016
Cowan, Ronnie Scottish National Party Inverclyde 12.01.2016
Crawley, Angela Scottish National Party Lanark and Hamilton East 20.01.2016
Day, Martyn Scottish National Party Linlithgow and East Falkirk 13.01.2016
Docherty, Martin Scottish National Party West Dunbartonshire 12.01.2016
Dowd, Jim Labour Party Lewisham West and Penge 23.02.2016
Durkan, Mark Social Democratic and Labour Party Foyle 12.01.2016
Edwards, Jonathan Plaid Cymru Carmarthen East and Dinefwr 13.01.2016
Ferrier, Margaret Scottish National Party Rutherglen and Hamilton West 12.01.2016
Gethins, Stephen Scottish National Party North East Fife 27.01.2016
Gibson, Patricia Scottish National Party North Ayrshire and Arran 25.01.2016
Godsiff, Roger Labour Party Birmingham Hall Green 19.01.2016
Gray, Neil Scottish National Party Airdrie and Shotts 14.01.2016
Hendry, Drew Scottish National Party Inverness Nairn Badenoch and Strathspey 14.01.2016
Kerr, Calum Scottish National Party Berwickshire Roxburgh and Selkirk 14.01.2016
Law, Chris Scottish National Party Dundee West 14.01.2016
Lucas, Caroline Green Party Brighton Pavilion 18.01.2016
MacNeil, Angus Scottish National Party Na h-Eileanan an Iar 14.01.2016
McCaig, Callum Scottish National Party Aberdeen South 12.01.2016
McDonald, Stewart Scottish National Party Glasgow South 14.01.2016
McDonald, Stuart Scottish National Party Cumbernauld Kilsyth and Kirkintilloch East 18.01.2016
McDonnell, Alasdair Social Democratic and Labour Party Belfast South 14.01.2016
McGarry, Natalie INDEPENDENT Glasgow East 18.01.2016
McNally, John Scottish National Party Falkirk 25.01.2016
Meale, Alan Labour Party Mansfield 13.01.2016
Monaghan, Carol Scottish National Party Glasgow North West 12.01.2016
Monaghan, Paul Scottish National Party Caithness Sutherland and Easter Ross 12.01.2016
Mullin, Roger Scottish National Party Kirkcaldy and Cowdenbeath 18.01.2016
Newlands, Gavin Scottish National Party Paisley and Renfrewshire North 20.01.2016
Nicolson, John Scottish National Party East Dunbartonshire 18.01.2016
O'Hara, Brendan Scottish National Party Argyll and Bute 23.02.2016
Oswald, Kirsten Scottish National Party East Renfrewshire 21.01.2016
Paterson, Steven Scottish National Party Stirling 25.01.2016
Ritchie, Margaret Social Democratic and Labour Party South Down 18.01.2016
Saville Roberts, Liz Plaid Cymru Dwyfor Meirionnydd 13.01.2016
Sharma, Virendra Labour Party Ealing Southall 23.02.2016
Stephens, Christopher Scottish National Party Glasgow South West 13.01.2016
Thompson, Owen Scottish National Party Midlothian 01.03.2016
Weir, Mike Scottish National Party Angus 13.01.2016
Williams, Mark Liberal Democrats Ceredigion 01.02.2016
Wilson, Corri Scottish National Party Ayr Carrick and Cumnock 18.01.2016
Wishart, Pete Scottish National Party Perth and North Perthshire 18.01.2016