Unhelpful commentary and "assumptions" about the FSA's proposals for the mortgage market are proving a "distraction" and impeding the debate, the FSA says.
Mortgage policy manager Lynda Blackwell said some stakeholders appear to have mistaken its proposals for its final rules. "Setting out suggested approaches in a consultation paper is not setting out the right answers," Blackwell said at the Mortgage Masters conference in Leicester yesterday. In a fresh veiled attack on the Council of Mortgage Lenders (CML), Blackwell added suggestions the FSA is "steam-rolling" through the MMR are wide of the mark. "We read comments that we appear determined to implement a particular set of regulatory measures irrespective of their impact on the ec...
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