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Industry

Housing market

FCA begins MMR readiness tests

The Financial Conduct Authority (FCA) has begun tracking intermediaries' and lenders' progress towards implementing new rules following the Mortgage Market Review (MMR).

clock 15 May 2013 •

Regulation

FCA warns on rogue 'self-cert' mortgage advice firm

The Financial Conduct Authority (FCA) has warned borrowers about an unregulated mortgage adviser promising self-certified and 100% plus LTV loans.

clock 14 May 2013 • 2 min read

Regulation

No evidence of systemic mis-selling of interest-only mortgages - AMI

The regulatory review into the residential interest-only mortgage market found no evidence of systemic mis-selling, the Association of Mortgage Intermediaries (AMI) has said.

clock 02 May 2013 •

First time buyers

Thousands of interest-only mortgage borrowers face funding shortfall

Hundreds of thousands of interest-only mortgage borrowers whose deals mature before 2020 are likely to face a funding shortfall, according to estimates produced for the Financial Conduct Authority (FCA).

clock 02 May 2013 •

Regulation

BoI blitzed ahead of 'unfair' tracker rate hike

The embattled Bank of Ireland (BoI) has come under fresh attack for "unfairly" hiking the interest rates of thousands of borrowers on ‘tracker' mortgages, despite a static base rate.

clock 30 April 2013 •

Regulation

FCA bans father and son duo over fake mortgage applications

The Financial Conduct Authority (FCA) has banned a father and son who were directors of Which Mortgage for submitting mortgage applications to high street lenders containing false and misleading information.

clock 29 April 2013 •

Regulation

PwC: we're nervous about 'seductive' regulation

Too much regulation - instead of instilling greater trust in the financial services industry - can have the opposite effect, according to Richard Sexton, reputation and policy director at PricewaterhouseCoopers (PwC).

clock 23 April 2013 •

Regulation

FCA: we are all to blame for lack of trust

The blame for the erosion of trust in financial services must be laid at the feet of everyone involved in the sector, the Financial Conduct Authority's (FCA's) director of supervision has said.

clock 22 April 2013 •

Regulation

Advisers pitied Sants over 'impossible job'

It will come as little surprise to readers of IFAonline.co.uk that most of your peers believe Hector Sants, the former chief executive of the Financial Services Authority (FSA) and now the highly-paid head of compliance at Barclays Bank, was misguided...

clock 19 April 2013 •

Mortgages

Santander to contact 270k borrowers over mortgage cap rise

The Financial Conduct Authority (FCA) has reached an agreement with Santander UK that will see the bank contact over 270,000 mortgage customers about unclear information it gave before increasing the cap on its standard variable rate (SVR) in 2008.

clock 19 April 2013 •
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