Day: 17 June 2022

HM Treasury publishes response to consultation on Senior Managers & Certification Regime 

HM Treasury has issued its feedback on responses received to its consultation on a Senior Managers & Certification Regime (SM&CR) for financial market infrastructures. The consultation sought views on the proposal to create an SM&CR for certain FMIs regulated by the Bank of England, and on its proposed design. The consultation ran from 20 July …

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The Financial Ombudsman publishes new discussion paper on its future funding mode

14/06/2022: The Financial Ombudsman Service has published a discussion paper on possible changes to its future funding model. The FOS is inviting financial services organisations, trade bodies, consumer groups and other stakeholders to provide feedback on the principles that should guide its funding model. The paper is open for responses until 5 August 2022. A …

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Consumer Duty News

New Consumer Duty could improve financial inclusion The Financial Conduct Authority has published a speech by its executive director for consumers and competition, Sheldon Mills, on rising costs and improving financial inclusion for consumers. Mills said the FCA wanted to see consumer journeys for new and existing customers that are clear, transparent, and accessible, including …

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