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Derivatives Mis-selling by British banks and the Failed Legacy of the FSA: This article provides a critical analysis of the legal and regulatory framework governing derivatives mis-selling by British banks to small and medium sized enterprises, from 2001 onwards. In principle it argues that the current regulatory framework governing derivatives mis-selling is defective; that the Financial Services Authority has failed in its regulatory duties and objectives; and that British banks continue to operate with relative impunity amidst a regulatory framework replete with moral hazard
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