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UK regulator to be scrutinised over swaps redress scheme

Barclays said last month that it was reducing its total payout budget by £160 million to £1.34 billion.


BRITAIN'S financial regulator will next week come under scrutiny from lawmakers debating whether thousands of small firms which were wrongly sold interest rate hedging products were treated fairly in a compensation scheme it set up.

The mis-selling is one of a number of