Dec 18 – Threats of legal action
Following our recent guidance on dealing with requests from legal firms and CMCs,
Nov 18 – Requests from legal firms and CMCs
Members may have seen an increase in requests received from legal firms or claims management companies in recent months.
Nov 18 – The future of our regulator
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 the FCA and PRA in 2013 we were promised that the new regulator would be […]
Nov 18 – Escaping Leasehold
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 clear to builders that this practice is unacceptable and that whilst it will take some […]
Nov 18 – Time to look in the mirror
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 industry in recent history. There is an expectation on firms to focus on fostering good […]
Oct 18 – Concerns about changes to FOS
The FCA recently announced it will extend access to the ombudsman scheme (FOS) to include larger SMEs.
Oct 18 – Product risks and advice
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 £757m of fines was the final nail in its coffin, leading to it needing proper […]
Oct 18 – The pressure for tech?
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 & Industrial Strategy issued a green paper on “modernising consumer markets”. It sought views on how […]
Oct 18 – Crucial times
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 proposals have the potential to significantly change our market, based on limited data analysis and […]
Oct 18 – AMI responds to global sandbox
The FCA recently issued a consultation on creating a global sandbox in which ‘innovative’ firms from around the world could test their business models in the UK with dedicated regulatory support (reciprocated for UK firms wishing to become regulated in overseas jurisdictions).
