FSA warns EC against excessive mortgage regs

Speaking to the European Mortgage Federation in Brussels, John Tiner, chief executive of the FSA, says he welcomes the fact the commission is following a “better regulation” approach, but he urges it to fully explore alternatives to regulation before making a decision on EU-level legislative interventions. Tiner believes harmonising consumer protection across Member States should not be a focus of the commission’s work because it risks imposing significant costs and undermining national consumer protection measures. Instead, he says European action should first tackle the structural barr...