Following the FCA’s January 2025 response to the government’s request for ideas to support its growth mission for the UK economy, the FCA has now published an engagement paper seeking feedback on the different ways that it...more
HM Treasury has published its long-awaited response to the February 2023 consultation on its proposed approach to bringing Buy-Now Pay-Later (BNPL) within the FCA’s regulatory perimeter. The government is clear that “swift...more
This article is the second in a series on areas impacted by AI. It focuses on the upcoming implementation of a new Consumer Duty, a higher standard of behaviour for financial services firms directly or indirectly interacting...more
The Woolard Review team has acted swiftly in publishing their recommendations to the FCA, publishing their findings just over two months after the initial Call for Input closed. The Review contains a number of recommendations...more
2/3/2021
/ Borrowers ,
Consumer Financial Products ,
Coronavirus/COVID-19 ,
Credit ,
Credit Unions ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
Forbearance Agreements ,
Infectious Diseases ,
Lenders ,
UK ,
Unsecured Debt
The FCA has published a consultation on proposed non-Handbook guidance for firms on the fair treatment of vulnerable customers. The FCA reiterates that vulnerability is one of its key priorities and makes it clear that the...more
To ensure the financial system continues to work effectively if there is a "hard Brexit" HM Treasury has been finalising a series of statutory instruments which will ensure there is a workable legal framework for retail...more
12/14/2018
/ Consumer Credit Protection ,
Consumer Financial Products ,
Consumer Lenders ,
E-Commerce ,
EU ,
Financial Services Industry ,
HM Treasury ,
Member State ,
Money Laundering ,
Passporting ,
Payment Systems ,
SEPA ,
UK ,
UK Brexit ,
Wire Transfers
Will RegTech be a "Big Bang" or a "Slow Burn"? This was the question posed at the end of another roundtable on RegTech chaired by Emily Reid, Partner and Head of Commercial and Retail Banking at Hogan Lovells. The consensus...more