Guto Bebb MP
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'Swaps' mis-selling: Welsh firms still crumbling despite compensation

24 October 2013 Last updated at 15:46 BST

Six months after a scheme was set up to compensate businesses after they were mis-sold financial products, Welsh businesses are still failing, an MP has claimed.

Aberconwy Conservative MP Guto Bebb, who is leading a commons committee on the issue, said millions were being spent administering the scheme.

But he said the money was not getting through to businesses which had suffered huge losses.

The Financial Conduct Authority (FCA) said cases were being speeded up.

India Pollock reports.

Firms still failing over 'swaps'