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Lloyds Banking Group sets up redress scheme for mortgage arrears customers

Lloyds Banking Group (Lloyds) has agreed to set up a redress scheme for mortgage customers who incurred fees after they fell behind with their mortgage payments I hope that all lending institutes take notice of the FCA stance on the fair treatment of customers, especially those in financial difficulties or who are vulnerable, as it

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FCA proposals to extend Senior Managers and Certification Regime to all financial services firms

In October 2015, HM Treasury announced its intention to extend the Senior Managers and Certification Regime (SM&CR) to all sectors of the financial services industry. The Financial Conduct Authority (FCA) has today published proposals to extend the SM&CR to almost all regulated firms. The new regime will essentially replace the Approved Persons Regime. The aim

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Compliance and operational consultancy

Attention: Brokers, Lenders, NACFB members and IFA’s Mortgages, Finance loans, commercial finance,non-investment insurance I am able to offer an indepth review of your regulatory compliance policy and procedures, including sales practices, Training and competence, compliance strategy ,governance controls and other key areas over a two day period. I will provide a detailed project compliance strategy

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Good cyber security ‒ the foundations

FCA have published a new guide to the foundations of good cyber security. Thay have designed the guide to help firms, particularly smaller businesses, become more resilient to cyber attacks and to respond appropriately to cyber incidents. FCA  our cyber security guide . The guide explains when a firm may need to report a cyber

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Insurance Distribution Directive 23rd Feb 2018

This is still happening……‘Implications of the incoming changes being consulted on within the new Insurance Distribution Directive‘ The FCA consultation paper should be read by all GI firms, follow the link for the PDF https://www.fca.org.uk/publication/consultation/cp17-07.pdf Effective date 23rd Feb 2018

 
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Criminal Finances Bill 2016-17 AML Consent

The Criminal Finances Bill 2016-17 is scheduled to come into law this summer. It contains a raft of radical measures directed at the financial sector in a renewed effort to ensure that criminals cannot enjoy the fruits of their unlawful activities. When enacted, the legislation will represent the most extensive shake-up of asset confiscation and

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General Data Protection Regulation ICO May 2018

The following overview highlights the key themes of the General Data Protection Regulation (GDPR) to help organisations understand the new legal framework in the EU. It explains the similarities with the existing UK Data Protection Act 1998 (DPA), and describes some of the new and different requirements. It is for those who have day-to-day responsibility

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Third tier line of defence and regulatory change

Mortgage credit directive MCD. We are an operational and compliance consultancy firm who are able to offer a balanced and independent review of your business, and provide a 3rd tier line of defence for your business by instigating operational compliance auditing, forming part of your overall regulatory compliance strategy planning. In addition, as we have

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27th April 2015 Financial Crime System Controls FCA

New guidance for financial crime systems and controls, took effect from the 27th April 2015 Link to the FCA Hand book http://fshandbook.info/FS/html/FCA/FC/link/PDF

 
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Final rules MCD

Issued on the 27th March 2015 by the FCA. Policy Statement which sets out their final rules for implementation of the Mortgage Credit Directive and the new regime for second charge mortgages. https://www.fca.org.uk/news/ps15-9-implementation-of-the-mortgage-credit-directive

 
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