Sants: MMR framework due autumn 2011

Speaking to the British Bankers' Association conference, Sants said that the FSA will publish a full impact analysis of the MMR this summer that will consider both the conduct and prudential perspectives. Discussing the formation of the FSA's replacement, the Financial Conduct Authority, Hants said it will continue initiatives including the MMR and RDR. He said: "The MMR is still at the stage of analysis. I am sure we all recognise the market place did not function well in the decade prior to 2007. Credit expanded by 200%, but there was no consequent rise in the percentage of homeowne...