Gary Adams

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FCA and PSR appoint new committee members

The financial conduct authority and payment systems regulator boards have appointed new members to their respective competition decisions committees and the latter’s enforcement committee. The new members of the all three committees comprise Lesley Ainsworth, Simon Polito, David Thomas and Tim Tutton, while Alasdair Smith has joined the FCA’s CDC. Their remit is to make […]

ASTL suspends Amicus Property Finance membership

The association of short term lenders has announced the suspension of Amicus Property Finance’s membership. ASTL chief executive Benson Hersch says: “The membership of Amicus plc has been suspended by the ASTL whilst the company continues to consider its position, and future.” The news confirms that the specialist lender, formally known as Capital Bridging, halted […]

FCA and PRA issue mortgage reporting consultation paper

The financial conduct authority and the prudential regulation authority have launched a joint consultation paper regarding new reporting requirements for mortgage lenders and home finance administrators. The purpose of the consultation is to gather more data for use by the FCA, PRA and the Bank of England at large, because the former two believe that […]

Mortgage industry charity single “Take Me Home” released

The group of mortgage industry figures known as M.I.C – the Mortgage Industry Collective – has released its Christmas charity single, “Take Me Home”. Available today from Google Play Store, Amazon and Spotify – with a listing on iTunes due in within the next two days – proceeds from the single will go to homeless […]

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Restrictions on fixed-rate lending draw criticism

Commentators believe building societies are being prevented from serving public sufficiently Restrictions on the volume of fixed-rate lending that smaller building societies can complete as a proportion of their overall lending are preventing some from sufficiently serving the public, several industry commentators believe. The limits are set by the Prudential Regulation Authority and designed to […]