Westminster Business Forum

Priorities for regulating consumer credit in the UK - standards, consumer protection and managing the growth of unsecured lending

Morning, Thursday, 12th October 2017

Sixty One Whitehall, London SW1A 2ET


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.

Guest of Honour

David Geale

Director of Policy, Financial Conduct Authority

Guest of Honour

David Geale

Director of Policy, Financial Conduct Authority


Lord Sharkey

Lord Kennedy of Southwark


Aseem Munshi

Head of Unsecured Lending, HSBC

Simon Empson

Managing Director, Broadspeed

Richard Koch

Head of Cards, UK Finance

Kevin Still

Chief Executive Officer, Debt Managers Standards Association

Richard Thompson

Principal Ombudsman and Quality Director, Financial Ombudsman Service

Gareth Shaw

Head of Money Online, Which?

Senior speaker confirmed from Dollar UK

Joe Lane

Senior Policy Researcher, Citizens Advice

Professor Eva Lomnicka

Dickson Poon School of Law, King’s College London and Barrister, 4 New Square Chambers

Jane Tully

Director of External Affairs, Money Advice Trust