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CML welcomes FCA call for inputs on competition in mortgage sector PDF Print E-mail
Wednesday, 07 October 2015

The Council of Mortgage Lenders (CML) welcomes the Financial Conduct Authority's (FCA) call for inputs, launched today, on competition in the mortgage sector. The CML sees this as an excellent opportunity for the regulator to review the effect of regulation, as well as market practice, on lenders as well as their customers.

CML director general Paul Smee said:

"The FCA's role in promoting competitive markets is the part of regulation that best helps foster creativity, innovation and a sharp focus on what drives customers. It's also essential in delivering the kind of environment in which reputable lenders of all shapes and sizes can thrive. We will be working with all our members to ensure that their perspectives are fully reflected as we work with the FCA on this vital issue."

(Source - CML Press Release)
 

 

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