Skip to main content

MIS-SELLING OF INTEREST RATE SWAP PRODUCTS

EDM (Early Day Motion) 336: tabled on 05 July 2012

Tabled in the 2012-13 session.

This motion has been signed by 37 Members. It has not yet had any amendments submitted.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

That this House welcomes the Financial Services Authority's investigation into the alleged mis-selling of interest rate swap products by high street banks; expresses condemnation of such practices; notes the many accusations made by hon. Members' constituents against banks including making loans contingent on the purchase of interest rate swap products, failure to inform businesses about the associated risks, failure to properly explain high exit charges and attempts to silence people who seek compensation; further notes that many affected businesses are running out of time to claim compensation; and calls for the Government to ensure the investigation into this matter is thorough, that affected businesses receive adequate compensation and that banks found guilty of mis-selling are dealt with robustly.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

Anderson, Mr David
Labour
Signed on 11 July 2012
Blaydon
Bottomley, Sir Peter
Conservative
Signed on 9 July 2012
Worthing West
Burt, Lorely
Liberal Democrat
Signed on 11 July 2012
Solihull
Caton, Martin
Labour
Signed on 11 July 2012
Gower
Clark, Katy
Labour
Signed on 10 July 2012
North Ayrshire and Arran
Cooper, Rosie
Labour
Signed on 3 September 2012
West Lancashire
Corbyn, Jeremy
Labour
Signed on 6 July 2012
Islington North
Crausby, Mr David
Labour
Signed on 17 July 2012
Bolton North East
Cunningham, Sir Tony
Labour
Signed on 10 July 2012
Workington
Dobbin, Jim
Labour
Signed on 10 July 2012
Heywood and Middleton
Flynn, Paul
Labour
Signed on 11 July 2012
Newport West
Galloway, Mr George
Respect
Signed on 11 July 2012
Bradford West
George, Andrew
Liberal Democrat
Signed on 16 July 2012
St Ives
Glindon, Mrs Mary
Labour
Signed on 12 July 2012
North Tyneside
Godsiff, Mr Roger
Labour
Signed on 11 July 2012
Birmingham, Hall Green
Hughes, Simon
Liberal Democrat
Signed on 17 July 2012
Bermondsey and Old Southwark
Leech, Mr John
Liberal Democrat
Signed on 9 July 2012
Manchester, Withington
Lucas, Caroline
Green Party
Signed on 10 July 2012
Brighton, Pavilion
McCrea, Dr William
Democratic Unionist Party
Signed on 11 July 2012
South Antrim
McDonnell, John
Labour
Signed on 10 July 2012
Hayes and Harlington
Meale, Sir Alan
Labour
Signed on 9 July 2012
Mansfield
Pugh, John
Liberal Democrat
Signed on 3 September 2012
Southport
Qureshi, Yasmin
Labour
Signed on 12 July 2012
Bolton South East
Riordan, Mrs Linda
Labour
Signed on 11 July 2012
Halifax
Ritchie, Ms Margaret
Social Democratic & Labour Party
Signed on 9 July 2012
South Down
Roy, Lindsay
Labour
Signed on 3 September 2012
Glenrothes
Sharma, Mr Virendra
Labour
Signed on 9 July 2012
Ealing, Southall
Simpson, David
Democratic Unionist Party
Signed on 10 July 2012
Upper Bann
Vaz, Valerie
Labour
Signed on 11 July 2012
Walsall South
Walley, Joan
Labour
Signed on 8 November 2012
Stoke-on-Trent North
Williams, Stephen
Liberal Democrat
Signed on 11 July 2012
Bristol West

There are no withdrawn signatures for this motion.