IN DEPTH- This time, no different from earlier: FX risk hidden from borrowers
LONDON | April 29, 2015 | By Sigrún Davídsdóttir | The 2008 crisis put some damper on FX lending, did not stop it though and in addition legacy issues remain. Now, actions by foreign currency borrowers in various countries are also unveiling a less glorious aspect: mis-selling and breach of European Directives on consumer protection.