Expo: No more warnings on record-keeping, says FSA

Martin Reynolds, head of sales at BM Solutions, points out the City watchdog believes there is nothing wrong with either sub-prime or self-certification mortgages as products but highlights information in a report into self-certification published by the regulator earlier this week warned there is not enough explanation as to why an intermediary has recommended such a product. “What the FSA has highlighted is that intermediaries need to watch out on their record-keeping,” he says. “It is a recurring theme that record keeping needs to be addressed and the FSA can’t keep telling us that...