Not only do we see continuing progress to the reforms of the UK regulatory system increasing pace, with responses to FSA's and Treasury's papers due at the start of September, but we have also seen the recent publication of the FSA Thematic Review of Mortgage Fraud. Whilst some of the press coverage of the review appeared to be overly focused on the role that mortgage brokers can have in fraudulent transactions, it is important to read the report which fully recognises the obligations that all parties in the transaction have including lenders, valuers, solicitors and brokers. AMI continues to engage with all stakeholders on this issue and it is important to remember that answers to the fraud problem may not come as one size fits all solution. We will be adding our voice to that of the FSA in requiring lenders to weed out dubious solicitors and valuers. Alongside our policy work, AMI has been experiencing its own review as part of AIFA's overall strategic review. The review itself will have a greater impact on the IFA aspect of our trade body, rather than impacting on how AMI operates. However, it will address the need for AMI to increase its focus on the protections market. Further details will follow as the review continues to take shape. Monthly news round-up
Forthcoming events FCA | Regional events A series of regional events to discuss our early, high-level thinking on how the FCA, as a new regulatory organisation, will approach the challenge of meeting its proposed objective of protecting and enhancing confidence in the UK financial system... read more Mortgage Business Expo Olympia 2, London 16-17 November 2011 Mortgage Business Expo 2010 delivered access to lenders, over 85 key suppliers and unique funding solutions which can be applied to exhibitor clients... read more For more information and to keep updated with the latest AMI events, log onto our events section.  Featured publication AMI yearbook 2011 / 2012  The 2011 / 2012 AMI yearbook is now online. The yearbook is interactive and can be viewed online by simply visiting www.amiyearbook.co.uk. It has got some wonderful features; meet the new Director General, Stephen Gay, as well as the staff at AMI, read some insightful articles by MD's and CEO's of companies within the sector, and also features on how the market has evolved. To download the yearbook and for more information on all of our publications, visit our publications section. This information has been prepared for the members and contacts of the Association of Mortgage Intermediaries. The information and options expressed in this document are not necessarily comprehensive and do not purport to give professional advice. If you would like specific information or assistance please call your usual contact at AMI. The information contained in this email is intended only for the individual or entity to whom it is addressed. It may contain privileged and confidential information and if you are not an intended recipient you must not copy, distribute or take any action in reliance on it. If you have received this email in error, please notify us immediately by telephone on 020 7628 1287. www.a-m-i.org.uk is a site operated by the Association of Independent Financial Advisers("We", "us" or "our"). AIFA and the Association of Independent Financial Advisers, a company limited by guaranteed, registered in England and Wales under Companies Acts with number 3779289. Our registered office is 100 Fetter Lane, London, EC4N 1BN. Our main trading address is Austin Friars House, 2-6 Austin Friars, London EC2N 2HD. Also, www.aifa.net and and www.theafb.net are site's operated by Association of Independent Financial Advisers (AIFA) and Association of Finance Brokers (AFB) and are trading names of the Association of Independent Financial Advisers. |
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