BSA demands govt debates FSA mortgage plans

In its response to the FSA's responsible lending consultation, the BSA argues it is not the role of the FSA to implement rules that could profoundly affect such a major part of the economy as housing. Paul Broadhead, head of mortgage policy at the BSA, says: "It is for the government to provide a clear plan of their housing policy objectives. It will then be imperative to assess whether regulatory proposals facilitate the desired outcomes for UK consumers or present further obstruction." He added: "It is not the role of appointed regulatory officials to determine the shape of such a m...