The European Parliament has released details of its green paper consultation into cross-border mortgage lending across the European Union and suggests additional regulations may be unnecesary.
Instead, its report contained within the green paper argues product transparency and consumer information “seem to be appropriate to unleash the benefits of an integrated EU mortgage market”. It also notes the recommendations of a research report into the benefits of a more integrated mortgage market compiled by London Economics rejects the need for Europe-wide regulation of individual mortgage markets as well as the standardisation of mortgage products across the European regions. Both recommendations are likely to be met with relief in many quarters of the mortgage market, including th...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
