Mortgage distribution: FCA aims to remove regulatory barriers to consumer-facing innovation

In its Mortgages Market Study final report the FCA commented that, in contrast to other markets, there hasn't been much progress in consumer-facing innovation in mortgage distribution. Industry feedback suggested this is partly due to the FCA's advice rules and guidance. In response, the FCA has launched a consultation on changes to its mortgage advice and selling standards in MCOB and related Perimeter Guidance (PERG) which unpick some of the changes introduced by the Mortgages Market Review in 2014.

Keywords Mortgages
Languages English
Countries United Kingdom

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