Articles

Member Area
Oct 18 – Product risks and advice

BY AMI

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 [...]

8 hours ago / No Comments

22

OCT

No

Comments

Oct 18 – The pressure for tech?

BY AMI

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 & [...]

8 hours ago / No Comments

22

OCT

No

Comments

Oct 18 – Crucial times

BY AMI

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 [...]

8 hours ago / No Comments

22

OCT

No

Comments

Sep 2018 – The new prison breaks

BY AMI

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 [...]

4 weeks ago / No Comments

24

SEP

No

Comments

Sep 2018 – Financial Crime

BY AMI

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 [...]

4 weeks ago / No Comments

24

SEP

No

Comments

Aug 18 – The risks of robo

BY AMI

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 [...]

2 months ago / No Comments

17

AUG

No

Comments

Aug 18 – Fuel on the flames

BY AMI

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 [...]

2 months ago / No Comments

17

AUG

No

Comments

Aug 18 – Better mortgages?

BY AMI

Introduction After a period of reflection over the FCA’s Mortgages Market Study, the good news is that it was really positive to see that the mortgage market is working well in many respects.  The interim report found high levels of [...]

2 months ago / No Comments

17

AUG

No

Comments

Jul 18 – Set them free

BY AMI

Following my article last month on the significant work undertaken by the FCA which is set out in their Mortgages Market Study Interim Report it is important that I return to the same subject.  This is because our sector now [...]

3 months ago / No Comments

17

JUL

No

Comments

Jul 18 – No free lunch here

BY AMI

The FCA announced its fourth cohort of firms who have been approved to enjoy the benefits of their sandbox.  The regulatory sandbox allows firms to test innovative products, services or business models in a live market environment, while ensuring that [...]

3 months ago / No Comments

17

JUL

No

Comments