In this edition, we discuss the recent developments in relation to the Financial Conduct Authority's (FCA) Credit Information Market Study intervention and an update on the FCA's recent review of Consumer Duty Outcomes Monitoring across the insurance industry. We also share our insights on the current state of Green Home Finance and the possible next steps for the Government to support the development of the Green Home Finance market.
Financial Regulation – In The Know: Consumer Finance - August 2024
The recent developments in relation to the FCA's Credit Information Market Study intervention
In December 2023 the Financial Conduct Authority (FCA) published the final report in its Credit Information Market Study (CIMS). In the report, the FCA sets out the direction of travel in delivering a set of remedies to ensure the high quality of credit information for UK consumers with a view to improving financial inclusion and enabling better-informed lending decisions. In this issue we provide an update on what the FCA has been doing since the publication of its final report to drive its proposed remedies forward and the possible next steps in its intervention.
Read what these developments are
An update on the FCA's recent review of Consumer Duty Outcomes Monitoring across the insurance industry
On 26 June 2024, the Financial Conduct Authority (FCA) published key findings from its December 2023 multi-firm review of larger insurance firms' approaches to outcomes monitoring under the Consumer Duty. While the review relates to insurers, insurance intermediaries and outsourced service providers operating within the insurance sector, the FCA has stressed that all retail financial services firms in other sectors should also consider these findings.
Could the new Labour government give green home finance the boost we've been waiting for?
In this section we share our insights on the current state of green home finance and the possible next steps for the Government to support the development of the green home finance market.
Click here to read our insights on Green Home Finance
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Could the new Labour government give green home finance the boost we've been waiting for?
![Could the new Labour government give green home finance the boost we've been waiting for?](/globalassets/insights/white-with-accent/real-estate---teaser---building.jpg)
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FCA's recent review of Consumer Duty Outcomes Monitoring across the insurance industry
![FCA's recent review of Consumer Duty Outcomes Monitoring across the insurance industry](/globalassets/insights/white-with-accent/digital---teaser---graph.jpg)
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The recent developments in relation to the FCA's Credit Information Market Study intervention
![The recent developments in relation to the FCA's Credit Information Market Study intervention](/globalassets/insights/white-with-accent/digital-stats-teaser-image.jpg)
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