Morning, Thursday, 12th October 2017
THIS EVENT IS CPD CERTIFIED
This seminar focuses on policy priorities for consumer credit regulation.
It is timed as the FCA considers whether further policy interventions in the market are needed following its call for input on high cost credit, overdraft charges and the payday loans price cap. The conference will also bring out discussion on the impact of new rules being proposed by the regulator for credit card firms, which aim to help consumers in ‘persistent debt’.
Following recent concerns raised by the Bank of England regarding the risks posed by consumer credit borrowing to financial stability, further sessions will discuss what more can be done to ensure responsible lending in the sector, particularly in light of the Prudential Regulatory Authority’s review of banks’ lending standards in relation to consumer credit, and the extension of the Senior Managers Regime to all financial services firms from early 2018.