Gurpreet Banwait's - Director, Solutions, Product Management, FINCAD - excellent article in the AFP's Risk Newsheet recommends instead of playing the blame game when swap positions go sour, suggests there are five ways to protect your business from miss-sold SWAPS:

1. make sure you know your rights and responsibilities
2. always read the fine print in the contract and ask questions, e.g. does the swap have embedded options
3. perform scenario analysis and stress testing before entering into a contract
4. seek advice from an independent third party
5. reduce your derivatives knowledge gap so you can understand what you are getting into.

Read more in the full article here.