Banks called on to slash mortgage borrowing costs Banking The Financial Conduct Authority (FCA) has called on lenders to take informed risks in the mortgage market to improve consumer support. The City regulator has launched a consultation on mortgage rules which targets reducing the overall cost of borrowing through term reductions and access to cheaper products when remortgaging. It said discussions will include “consideration [...]
City regulator appoints Asia-Pacific director in growth push News A top director at the Financial Conduct Authority (FCA) will head up a new role in Asia as part of the regulator’s bid to boost growth, City AM has learned. Camille Blackburn, who is currently the director of wholesale buy-side at the regulator, will head up growth operations in the Asia-Pacific region. This follows the [...]
FCA slammed by crowdfunding industry for over-regulation Business The UK economy has lost out on billions of pounds of investment over the past five years due to the City watchdog’s over-regulation of the crowdfunding industry, a leading lobby group has claimed. In a letter to City minister Tulip Siddiq, the UK Crowdfunding Association called on the Financial Conduct Authority (FCA) for a new [...]