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Nov 18 – The future of our regulator

BY AMI

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 [...]

5 months ago / No Comments

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NOV

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Nov 18 – Escaping Leasehold

BY AMI

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 [...]

5 months ago / No Comments

16

NOV

No

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Nov 18 – Time to look in the mirror

BY AMI

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 [...]

5 months ago / No Comments

16

NOV

No

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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 [...]

6 months ago / No Comments

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OCT

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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 & [...]

6 months ago / No Comments

22

OCT

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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 [...]

6 months ago / No Comments

22

OCT

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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 [...]

7 months ago / No Comments

24

SEP

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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 [...]

7 months ago / No Comments

24

SEP

No

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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 [...]

8 months ago / No Comments

17

AUG

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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 [...]

8 months ago / No Comments

17

AUG

No

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