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​FCA to speak at inaugural Financial Services Expo

The Financial Conduct Authority is set to speak at the inaugural Financial Services Expo next month.


The new exhibition is aimed at all types of financial intermedy and will cover topics from mortgages to commercial lending through to legal distribution and technology. The event is run by James Prosser, who used to run the Mortgage Business Expo.

Representatives from the FCA will speak at two sessions, one on the 1 and one on the 2 October. The event takes place at Old Billingsgates, in the City of London.

FCA director of mortgages and consumer lending Linda Woodall will be discussing the implementation of Mortgage Market Review on day one and the way in which this will help the market.

Lynda Blackwell, who is part of the mortgage team at the regulator, will then speak on day two of the conference about the challenges facing the mortgage industry, particularly the European Mortgage Directive, the transfer of consumer credit regulation to the FCA and the work involved in bringing MMR to market.

Prosser says: “Our decision to work with leading trade bodies such as AMI and IMLA has proved decisive in pulling together a conference programme which covers the most important issues facing mortgage brokers today.

“We are particularly pleased to have the FCA represented at sessions on both days of the exhibition and we’re sure many stakeholders will be interested in what the regulator has to say, particularly about the move to implement MMR.”


Talking of interest-only … done it yet?

The FCA recently issued guidance to lenders and mortgage intermediaries about their treatment of interest-only customers. The regulator has placed great emphasis on Principle 6, which relates to treating customers fairly, and the common response to Principle 6 from many in financial services is: “Well, I do that as a matter of course.” I am […]


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