WebMar 3, 2024 · UK Financial Services Law, FCA - Financial Conduct Authority, Dear CEO Letters, 2024 Dear CEO Letters Consumer Duty, Consumer Protection, Financial Services Regulation, Mortgages WebOct 12, 2024 · As the financial industry gets to grips with the new Consumer Duty (CD), the PRA’s recent questionnaire – and the previous ‘Dear CEO’ letter – has provided more food for thought. During two bank forums hosted by Flagstone and attended by over 50 attendees from our banking partners, we discussed CD and the PRA’s questionnaires, and ...
Implementing the Consumer Duty in the General …
WebSep 5, 2024 · On 9 August 2024, the FCA issued a “Dear CEO” letter to firms within the “Alternatives” portfolio setting out its Alternatives Supervision Strategy for 2024. Learn more. ... also consider the newly published rules for the marketing of high-risk investments and the new obligations under the Consumer Duty. The FCA is planning to issue a ... Web2 days ago · You’ll have already seen the FCA’s February Dear CEO letter about implementing Consumer Duty. After reviewing the plans of some firms, the regulator reports that while some are making good progress, others are facing significant risks and challenges. Across many firms there are some common areas of weakness. body anatomy organs chart
Consumer Duty – how to overcome the challenges in your Dear CEO letter ...
WebJul 12, 2024 · Arrears and forbearance treatment: last month the FCA issued a Dear CEO letter to 3,500 lenders titled ‘the rising cost of living – acting now to support consumers’. In the letter the FCA highlights inconsistency in arrears and forbearance treatment by firms across the retail financial services sector and a significant gap in the FCA’s ... WebDear CEO/Director Implementing the Consumer Duty in the Retail Banks and Building Societies sector The Consumer Duty is a significant shift in our expectations of firms. It … Web24 April 2024. 10:00-11:00. A firm’s culture and governance arrangement will be under the regulator’s spotlight as a result of the Consumer Duty coming into force. Join us for a session looking at how these topics link together and what you can do to ensure you’re in a position to meet the FCA’s requirements. body anatomy reference drawing