Archive by Category: Article

Nov 18 – The future of our regulator

BY IN Article On 16th November 2018

With certain world leaders shifting societies backwards, it can at times feel like we have a bleak future ahead.  I wonder if our regulator is moving the industry in a similarly ominous direction. When the FSA split to be come [...]

9 months ago / Comments Off on Nov 18 – The future of our regulator

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Nov 18 – Escaping Leasehold

BY IN Article On 16th November 2018

Over the last few years many people inadvertently bought houses with a leasehold tenure.  Too many of these had escalation causes which severely impact the current and future value of the property.  It is positive that government has made it [...]

9 months ago / Comments Off on Nov 18 – Escaping Leasehold

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Nov 18 – Time to look in the mirror

BY IN Article On 16th November 2018

Culture in financial services has become a priority for both the PRA and FCA as well as government and select committees.  It is recognised that culture is a key root cause of major conduct failings that have occurred within the [...]

9 months ago / Comments Off on Nov 18 – Time to look in the mirror

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Oct 18 – Product risks and advice

BY IN Article On 22nd October 2018

For the last four years UK authorities have been working jointly with industry to pursue an alternative and more robust interest rate benchmark to LIBOR.  Although it could be said to have a number of weaknesses, its manipulation resulting in [...]

10 months ago / Comments Off on Oct 18 – Product risks and advice

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Oct 18 – The pressure for tech?

BY IN Article On 22nd October 2018

The Mortgages Market Study has a significant focus on technology and innovation.  In trying to put that into perspective it appears it starts with desire from government to change our market.  Earlier this year, the Department for Business, Energy & [...]

10 months ago / Comments Off on Oct 18 – The pressure for tech?

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Oct 18 – Crucial times

BY IN Article On 22nd October 2018

Introduction I am returning to the subject of the FCA’s Mortgages Market Study once again this month as I consider this to be the most important issue that has faced me since joining the trade body world in 2006. The [...]

10 months ago / Comments Off on Oct 18 – Crucial times

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Sep 2018 – The new prison breaks

BY IN Article On 24th September 2018

The Sunday Times recently wrote a scathing attack on the impact of Help to Buy on house prices and the risks of negative equity in certain parts of the country.  The reality is that there has always been a “new [...]

11 months ago / Comments Off on Sep 2018 – The new prison breaks

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Sep 2018 – Financial Crime

BY IN Article On 24th September 2018

As the techniques used to carry out financial crime continue to advance, firms should be regularly reviewing their systems and controls.  This includes reviewing processes to mitigate the evolving risks of money laundering and fraud. The FCA recently wrote to [...]

11 months ago / Comments Off on Sep 2018 – Financial Crime

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Aug 18 – The risks of robo

BY IN Article On 17th August 2018

With robo-advice still in its infancy in the mortgage sector, but many firms claiming to have new fintech propositions, it is worth looking at the investment market which is further ahead in its development.  There are undoubtedly lessons to be [...]

1 year ago / Comments Off on Aug 18 – The risks of robo

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Aug 18 – Fuel on the flames

BY IN Article On 17th August 2018

Firms will now be receiving their final FCA invoices for the year 2018/19.  By far the largest component of the costs is the fees levied by the FCA on behalf of the Financial Service Compensation Scheme (FSCS).  Bill payers have [...]

1 year ago / Comments Off on Aug 18 – Fuel on the flames

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