What can the consumer credit sector expect from the FCA? A speech by the FCA at the Credit Summit…

What can the consumer credit sector expect from the FCA?

A speech by the FCA’s Jonathan Davidson at the Credit Summit, London

Speaker: Jonathan Davidson, Executive Director of Supervision – Retail and Authorisations
Event: Credit Summit, London​​​
Delivered: 21 March 2019
Note: this is the speech as drafted and may differ from the delivered version

Highlights

  • There has been a lot of change in the consumer credit sector, but our focus on affordability, business models and culture hasn’t and won’t change.
  • 2 areas of focus for the FCA in the high cost credit sector will be relending and affordability.
  • A healthy, purposeful culture will be the best way to deliver value for firms, their clients and their employees. The Senior Managers and Certification Regime (SM&CR) provides some minimum standards for culture.

For the full article, please click here to visit the FCA’s website.