The Financial Services Authority has been told it must start the compensation process for small businesses potentially mis-sold interest rate swaps after complaints the regulator has not done enough to get the process underway. In a letter to the FSA seen by The Sunday Telegraph and written by Conservative MP, Guto Bebb, the regulator is told of concerns the scheme is being delayed. “It would appear that delays are being created by the efforts of the FSA to ensure a collective and comparable process across the 11 banks which have agreed to work on a resolution to this mis-selling of inappropriate products to SMEs,” wrote Mr Bebb, who has led the parliamentary campaign to get redress for swap mis-selling.....Read more here: FSA told to start compensation process for mis-sold customers