MMR: Non-bank lenders could face more regulation
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The Financial Services Authority is considering imposing further regulation to high-risk lenders.
It says the market has seen that non-banks, in particular, can easily enter the market in an upswing and exit in a downswing, and thus exacerbate the pro-cyclicality of the market.
Its paper says: “We therefore discuss whether there is a case for regulatory proposals specific to high-risk lenders.”
