Parliamentary Commission uses Vedanta Hedging Evidence for Govt Report

The Parliamentary Banking Standards Commission formed of cross-bench MPs and Lords asked Abhishek Sachdev of Vedanta Hedging for Expert Evidence on Interest Rate Swap Mis-Selling.

The evidence can be viewed here:

Vedanta Hedging were also asked to submit evidence about the Ring-Fencing and the sale of derivatives to SMEs.

On Friday 21st December, the Commission released their initial version of the Report.

In the report, they have quoted Vedanta Hedging several times regarding the issues surrounding the provision of derivatives to SMEs.

Vedanta Hedging’s written Evidence can be seen here (highlighted in yellow from Paragraph 181-188): Banking Report 21st Dec 2012 – Vedanta Evidence highlighted

Evidence was also given by the Rt. Hon Chancellor of the Exchequer, Association of Corporate Treasurers, Bank of England, FSA, HM Treasury

Vedanta Hedging were also quoted in the International Business Times regarding this significant milestone IB Times article

View the transcript of oral evidence here

Nadia Patel

Nadia has a degree in Business Management and a Diploma for Financial Advisers (Level 4). She has ten years of experience in financial services. This includes FSA regulated adviser roles in HSBC, Halifax and Nationwide. As senior manager at Vedanta Nadia is responsible for managing the office, client contact and marketing for the business.

Nadia Patel

Nadia has a degree in Business Management and a Diploma for Financial Advisers (Level 4). She has ten years of experience in financial services. This includes FSA regulated adviser roles in HSBC, Halifax and Nationwide. As senior manager at Vedanta Nadia is responsible for managing the office, client contact and marketing for the business.