Mortgage & Lending Regulatory Updates

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🇦🇺 ASIC News

May 27th 2026

Federal Court orders Westpac to pay $26 million penalty for hardship failures

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Authorisation & Licensing

Bank

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🇮🇪 CBI Speech

May 22nd 2026

A Modern Code for a Modernising Movement - Speech by Deputy Governor Colm Kincaid at ILCU

Good afternoon and thank you for the opportunity to speak to you today. It is great to see the energy and commitment to the credit union movement evident here today and reflected in your agenda for today’s conference. 1 Today’s event is especially timely, coming not long since Minister Troy’s announcement in April of the Credit Union Strategy Project, which provides an opportunity to future proof the credit union sector to overcome challenges and meet opportunities. The Central Bank welcomes ...

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Authorisation & Licensing Technology & Cyber

Bank

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🇨🇦 OSFI Consultation medium

May 21st 2026

Backgrounder: Draft Guideline B-12 Interest Rate Risk Management Consultation

AI Analysis

OSFI has launched a 60‑day public consultation on targeted amendments to Guideline B‑12 – Interest Rate Risk Management, to update interest rate shock scenarios in line with the latest Basel Committee on Banking Supervision (BCBS) standards. Compliance teams at federally regulated deposit‑taking institutions must prepare for recalibrated interest rate risk in the banking book (IRRBB) measurements and associated Pillar 3 disclosure changes that will become effective for fiscal years starting late 2026.

What Changed

- OSFI proposes to amend Guideline B‑12 – Interest Rate Risk Management to update prescribed interest rate shock scenarios used for measuring interest rate risk in the banking book.
The interest rate shock calibration will be aligned with the most recent BCBS methodology for IRRBB, including improved treatment of environments where policy rates are close to zero or negative.
The time series used to calibrate interest rate shock scenarios will be extended from a previous cut‑off of December 2015 to now incorporate data through December 2023, capturing the recent period of...
OSFI intends to strengthen transparency and market discipline by consulting simultaneously on proposed amendments to Pillar 3 disclosure expectations related to interest rate risk in the banking book.
The revised B‑12 guideline will introduce updated expectations for IRR measurement, monitoring, and reporting that ensure institutions recognize more recent market experience in their internal risk...

Suggested Considerations

Perform a gap analysis comparing current interest rate risk in the banking book methodologies, shock scenarios, and assumptions against the proposed revised Guideline B‑12 parameters and BCBS‑aligned calibration approach.
Engage internal stakeholders (risk management, treasury/ALM, finance, regulatory reporting, model validation, and internal audit) to review the consultation text and identify operational, data, and model impacts from the extended December 2015–December 2023 calibration window and new shock design.
Prepare and submit a detailed written response to OSFI at Consultations@osfi-bsif.gc.ca by 20 July 2026, highlighting any concerns with scenario calibration, procyclicality, data availability, systems impacts, and implementation timelines.
Update IRRBB models, interest rate scenario engines, behavioral assumptions (e.g., non‑maturity deposits, prepayments), and risk metrics (e.g., economic value of equity and earnings‑at‑risk) to incorporate the revised OSFI shock scenarios once the final guideline is published on 10 September 2026.
Revise internal IRRBB policies, risk appetite statements, limits frameworks, and governance documentation to align with the updated Guideline B‑12 expectations and ensure Board and senior management oversight reflects the new calibration.

Key Dates

21 May 2026

- OSFI launches a 60‑day public consultation on targeted amendments to Guideline B‑12 – Interest Rate Risk Management and related IRRBB Pillar 3 disclosure expectations

20 July 2026 DEADLINE

- Deadline for stakeholders to submit comments on the draft Guideline B‑12 amendments and associated IRRBB disclosure proposals to Consultations@osfi-bsif.gc.ca

10 September 2026

- OSFI plans to publish the final revised Guideline B‑12, together with a non‑attributed summary of comments received and OSFI’s responses

01 November 2026

- Revised Guideline B‑12 becomes effective for institutions with a fiscal year ending 31 October

01 January 2027

- Revised Guideline B‑12 becomes effective for institutions with a fiscal year ending 31 December

Compliance Impact

Non‑compliance with the revised Guideline B‑12 and associated IRRBB disclosure expectations may result in supervisory findings, remediation orders, heightened capital expectations, and potential reputational damage due to incomplete or misleading interest rate risk reporting. Given recent rate volatility and OSFI’s focus on IRRBB, supervisors are likely to treat deficiencies in implementation or disclosure as material.

References

AI-generated analysis. May contain errors or omissions — verify with the original OSFI source before acting. Full disclaimer.

Sectors:

Banking & Credit Mortgage & Lending

Topics:

Prudential / Capital Requirements Reporting & Disclosure

Bank

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🇬🇧 FCA News

April 30th 2026

FCA charges Shaun Lawrence for unauthorised mortgage broking

The FCA has charged Shaun Lawrence for operating as a mortgage broker without authorisation. Mr Lawrence, who also goes by the names Shaun Lawrence-Bright and Shaun Bright, was previously authorised to give mortgage advice.However, in 2008 he had his permissions revoked and was fined. He was also banned from working in financial services.The FCA alleges that Mr Lawrence has breached the Financial Services and Markets Act by continuing to provide mortgage broking services when already banned.M...

Sectors:

Capital Markets & Trading Mortgage & Lending

Topics:

Technology & Cyber Market Abuse / Surveillance Authorisation & Licensing

Broker Dealer

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🇮🇪 CBI Warning

April 28th 2026

Vigilance and Resilience - Strengthening Credit Unions in a Changing Landscape - Remarks by Domhnall Cullinan at ILCU Annual Conference

Good morning. Brendan, thank you for the warm introduction. It is a pleasure to join you at the ILCU Internal Audit Services Conference. I also want to thank Barry Harrington for the invitation to address you here today. 1 When I addressed the ILCU Annual Conference last April, I spoke about a time of transformative change for credit unions, a period that would bring both significant opportunities and important challenges. 2 One year on, we can see that transformation taking shape. A revised ...

Sectors:

Banking & Credit Capital Markets & Trading Payments & E-Money Mortgage & Lending

Topics:

AML / Financial Crime Consumer Protection / Conduct Prudential / Capital Requirements

All Firms

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🇬🇧 FCA Enforcement low

April 28th 2026

From promise to practice: shaping open finance policy with our Smart Data Accelerator

Open finance has vast potential. It promises to transform financial services for millions of people through firms using customers’ data in bigger and better ways. But to make that promise a reality, we need to look at how it works in practice. How does sharing data solve real problems for people and businesses?That’s the question we want to answer with our Smart Data Accelerator, which enables firms to showcase open finance solutions in a digital testing environment to help shape policy makin...

Sectors:

Banking & Credit Capital Markets & Trading Payments & E-Money Crypto & Digital Assets Mortgage & Lending

Topics:

Consumer Protection / Conduct Technology & Cyber Market Abuse / Surveillance

Fintech

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🇮🇪 CBI Enforcement medium

April 14th 2026

Finance Advice Help- Central Bank of Ireland Issues Warning on Unauthorised Firm

Warning: Unauthorised Retail Credit Firm Unauthorised Firm Name Finance Advice Help Website Financeadvicehelp.com Email address used contact@financeadvicehelp.com Authorisation in Ireland Finance Advice Help is not authorised to provide retail credit services in Ireland. Notes: Any person wishing to contact the Central Bank with information regarding such firms / persons may telephone (01) 224 5800 or report an unauthorised firm directly to the Central Bank . For more information on how to pr...

AI Analysis

The Central Bank of Ireland (CBI) has issued a warning notice under section 53 of the Central Bank (Supervision and Enforcement) Act 2013, identifying "Finance Advice Help" (website: financeadvicehelp.com; email: contact@financeadvicehelp.com) as an unauthorised firm providing retail credit services in Ireland. This matters for compliance professionals as it underscores CBI's proactive enforcement against unauthorised entities, heightening risks of consumer scams and potential liability for authorised firms if clients inadvertently engage with clones or similar frauds.[Source URL: https://www.centralbank.ie/news/article/finance-advice-help--central-bank-of-ireland-issues-warning-on-unauthorised-firm]

What Changed

This is not a regulatory change but an enforcement action via a public warning notice. It reinforces existing requirements under the Central Bank (Supervision and Enforcement) Act 2013 (section 53), which empowers CBI to publish names of unauthorised firms offering regulated services like retail credit. No new rules are introduced; it signals ongoing vigilance against unauthorised retail credit providers.[Source URL: https://www.centralbank.ie/news/article/finance-advice-help--central-bank-of-ireland-issues-warning-on-unauthorised-firm]

Suggested Considerations

Verify firm status: Use CBI's unauthorised firms search tool before engaging with any retail credit provider (https://www.centralbank.ie/regulation/how-we-regulate/authorisation/unauthorised-firms/search-unauthorised-firms).
Report suspicions: Contact CBI at (01) 224 5800 or via direct reporting portal for any dealings with Finance Advice Help or similar entities.[Source URL: https://www.centralbank.ie/news/article/finance-advice-help--central-bank-of-ireland-issues-warning-on-unauthorised-firm]
Educate clients/staff: Disseminate scam protection guidance from www.centralbank.ie/financialscams; implement "SAFE test" for verification.[Source URL: https://www.centralbank.ie/news/article/finance-advice-help--central-bank-of-ireland-issues-warning-on-unauthorised-firm]
Monitor clones: Screen for impersonation risks, as seen in related warnings (e.g., Shamrock Lend clone).

Key Dates

14 April 2026

Publication date of warning notice; Immediate public alert on unauthorised status of Finance Advice Help.[Source URL: https://www.centralbank.ie/news/article/finance-advice-help--central-bank-of-ireland-issues-warning-on-unauthorised-firm]

Compliance Impact

Urgency: Medium – This is a routine CBI warning (one of many in 2025-2026), not targeting authorised firms directly, but it elevates consumer protection and conduct risks. Firms must act promptly to update internal alerts and client advisories to mitigate reputational harm, regulatory scrutiny, or indirect liability from scam exposures; failure could trigger CBI inquiries under conduct rules.

References

AI-generated analysis. May contain errors or omissions — verify with the original CBI source before acting. Full disclaimer.

Sectors:

Consumer Credit Banking & Credit Mortgage & Lending

Topics:

Authorisation & Licensing Consumer Protection / Conduct AML / Financial Crime

BankFintechAll Firms

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🇬🇧 FCA Warning medium

April 10th 2026

Spotting risk earlier by tracking consumer credit journeys

How we're investing in data and analytics in consumer financeOur goal is regulation that is evidence-based, targeted, and achieves good outcomes for consumers. That’s why we’ve been using richer datasets and sharper data science to drive better outcomes in the consumer finance market, widen financial inclusion, and support economic growth.This blog post explains one way we've been doing that, in a proof-of-concept undertaken by the team of Isabela Barra, Daniel Bogiatzis-Gibbons, Lawrence Cha...

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Reporting & Disclosure Technology & Cyber

BankFintechAll Firms

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🇮🇪 CBI News low

April 8th 2026

Central Bank publishes Financial Conditions of Credit Unions Report

Central Bank of Ireland today published the annual Financial Conditions of Credit Unions Report, which provides an update on the financial performance and position of the sector for the financial year ended 30 September 2025.

Sectors:

Banking & Credit Mortgage & Lending

Topics:

Prudential / Capital Requirements Reporting & Disclosure

Bank

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🇮🇪 CBI Guidance high

April 8th 2026

Central Bank – Targeted Amendment to Mortgage Measures for Principal Home Bridging Loans

The Central Bank of Ireland today announced details of a targeted amendment to the mortgage measures that will exempt certain principal home bridging loans from the Loan-to-Income (LTI) limit . The Loan-to-Value (LTV) limit will continue to apply to these products, and all other elements of the mortgage measures remain unchanged. The amendment recognises that bridging finance products are a feature of the evolving Irish mortgage market and ensures that the regulatory framework adapts appropri...

AI Analysis

The Central Bank of Ireland (CBI) has announced a targeted amendment exempting certain principal home bridging loans from the Loan-to-Income (LTI) limit while retaining the Loan-to-Value (LTV) limit and all other mortgage measures unchanged, recognizing bridging finance as a growing market feature repaid via property sale proceeds rather than income. This matters for compliance professionals as it enables lenders to offer these short-term products (max 18 months) without LTI constraints, but requires reinforced underwriting, consumer protection, and ongoing CBI monitoring to maintain lending standards.

What Changed

- Exemption from LTI limit: Principal home bridging loans—defined as short-term loans (maximum 18 months) enabling homeowners to buy a new principal home before selling their current property, repaid...
LTV limit retained: Maximum 90% LTV continues to apply to these loans, alongside the 15% flexibility allowance for first-time/second/subsequent buyer lending.
No other changes: All remaining mortgage measures, including consumer protection rules and lenders' prudent underwriting obligations, stay intact.
Monitoring commitment: CBI will track the exemption's operation within its regular mortgage measures assessments for unintended risks.

Suggested Considerations

Update lending policies: Identify and classify principal home bridging loans (max 18 months, repayment from property sale, no capital repayments required during term) to apply LTI exemption but enforce 90% LTV.
Enhance underwriting: Conduct individual suitability and affordability assessments beyond macroprudential limits; do not rely solely on exemption.
Strengthen consumer protections: Fully inform borrowers of risks (e.g., sale delays, interest costs); ensure products suit circumstances per consumer protection rules.
Internal monitoring and reporting: Track bridging loan volumes within flexibility allowances; prepare for CBI inquiries as part of ongoing assessments.
Staff training and systems updates: Revise origination, disclosure, and compliance systems promptly to operationalize changes.

Key Dates

08 April 2026

Announcement and effective date; CBI press release details the amendment, with immediate application implied for qualifying bridging loans (no explicit phase-in mentioned)

Compliance Impact

Urgency: High – Effective immediately on announcement (08 April 2026), this enables new lending opportunities in a evolving market but demands swift policy tweaks, training, and risk controls to avoid consumer protection breaches or excessive risk-taking, with CBI monitoring for emerging issues. Non-compliance risks supervisory scrutiny, as measures reinforce macroprudential goals amid housing market pressures.

References

AI-generated analysis. May contain errors or omissions — verify with the original CBI source before acting. Full disclaimer.

Sectors:

Banking & Credit Mortgage & Lending

Topics:

Prudential / Capital Requirements Consumer Protection / Conduct

BankAll Firms

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🇸🇬 MAS News medium

April 8th 2026

Written reply to Parliamentary Question on Household Liabilities and Household Assets

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Prudential / Capital Requirements Consumer Protection / Conduct Reporting & Disclosure

BankFintech

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🇸🇬 MAS News medium

April 8th 2026

Written reply to Parliamentary Question on impact of rising interest rates and mortgage repayments for homebuyers

Sectors:

Banking & Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Prudential / Capital Requirements

Bank

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🇮🇪 CBI Enforcement medium

April 1st 2026

Indefinite Prohibition issued to Nicholas (Nick) Buckley in respect of all controlled functions, effective from 25 February 2026

The Prohibition Notice (PDF) issued after Mr Buckley signed a Statement of Undisputed Facts, in which he accepted that between 1 February 2021 and 12 December 2023, while he was employed at two different retail intermediaries, he issued invoices to clients directing payment to his personal bank account in place of his employers’ bank details. Mr Buckley also accepted that he misrepresented his financial qualifications to clients during the course of his employment. The Prohibition Notice issu...

AI Analysis

The Central Bank of Ireland (CBI) has issued an indefinite prohibition to Nicholas (Nick) Buckley from all controlled functions, effective 25 February 2026, following his admission of diverting client payments to his personal account and misrepresenting financial qualifications while at two retail intermediaries from 1 February 2021 to 12 December 2023. This enforcement action underscores the CBI's commitment to the Fitness and Probity Regime, emphasizing integrity in customer-facing roles to maintain public trust. Compliance professionals should note it as a precedent for severe sanctions on dishonesty, potentially influencing vetting and monitoring practices.

What Changed

This is not a new regulation but an enforcement outcome under the existing Fitness and Probity Regime, established by the Central Bank Reform Act 2010, which mandates high standards of competence, integrity, and honesty for individuals in controlled functions. No regulatory changes are introduced; instead, it reinforces enforcement mechanisms, including investigations and prohibitions for breaches, particularly in customer-facing roles where honesty is paramount.

Suggested Considerations

Firms employing similar roles: Immediately review invoicing processes to ensure payments direct only to firm accounts, with segregation of duties and dual approvals for client billing.
Fitness and Probity assessments: Conduct enhanced due diligence on customer-facing staff, verifying qualifications via independent sources and monitoring for personal financial gain conflicts.
Incident reporting: Escalate any suspected integrity breaches (e.g., qualification misrepresentation or fund diversion) to CBI under fitness and probity notification obligations.
Training programs: Update mandatory training on Fitness and Probity Standards (available at https://www.centralbank.ie/regulation/fitness-and-probity), focusing on honesty in client interactions.
Prohibition checks: Screen all controlled function holders against CBI's public prohibitions list before approvals or role changes.

Key Dates

1 February 2021

12 December 2023; Period of Buckley's admitted misconduct (diverting payments and misrepresenting qualifications)

25 February 2026

Effective date of the indefinite prohibition on Buckley performing any controlled functions

01 April 2026

Publication date of the CBI press release announcing the Prohibition Notice

Compliance Impact

Urgency: Medium – This is a specific enforcement precedent rather than a new rule, but it signals heightened CBI scrutiny on integrity breaches in retail intermediation, with indefinite bans as a tool to protect consumers. It matters because customer-facing misconduct erodes trust, prompting firms to strengthen controls proactively to avoid similar investigations, especially given CBI Director of Enforcement's warning on accountability. Non-compliance risks firm-level sanctions, reputational damage, and operational disruptions.

References

AI-generated analysis. May contain errors or omissions — verify with the original CBI source before acting. Full disclaimer.

Effective Date: 25 February 2026

Sectors:

Consumer Credit Insurance & Pensions Mortgage & Lending

Topics:

Consumer Protection / Conduct Senior Managers / Governance Authorisation & Licensing

Wealth ManagerBroker DealerAll Firms

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🇬🇧 PRA Consultation high

April 1st 2026

CP6/26 – High loan to income lending

Consultation paper 6/26

AI Analysis

CP6/26 from the PRA consults on reforms to the **high loan-to-income (LTI)** lending rules for residential mortgages, building on prior adjustments to the flow limit that caps high-LTI loans (≥4.5x borrower income) at 15% of total new lending for larger lenders. This matters for mortgage providers as it aims to balance financial stability, support housing market growth, and adapt macroprudential measures to current economic conditions, potentially influencing lending capacity and risk management ahead of the June 2026 review deadline (https://www.bankofengland.co.uk/prudential-regulation/publication/2026/april/high-loan-to-income-lending-consultation-paper).

What Changed

- Review of LTI flow limit: PRA is reviewing the rule limiting new residential mortgages with LTI ≥4.5x to 15% of total new lending, following FPC recommendations; no final changes proposed yet, but...
Threshold increase (prior update): Flow limit now triggers only for firms issuing ≥£150M in residential mortgages annually (up from £100M), effective 11 July 2025, exempting ~80 smaller lenders (up...
Interim modification by consent: Firms can apply to disapply the 15% cap temporarily; requires submitting business plans, risk frameworks, and monthly reporting on high-LTI volumes.
Exclusions remain: No LTI limit for re-mortgages (no principal change), lifetime mortgages, or second/subsequent charge mortgages (per historical rules).
Group allocations: Firms in groups can share high-LTI allowances, with record-keeping required.

Suggested Considerations

Apply for modification (if seeking >15% high-LTI): Submit detailed business plan (incl. quarterly high-LTI projections), risk appetite, management frameworks; provide monthly notifications on approvals/completions.
Monitor thresholds: Track rolling 4-quarter mortgage volumes/contracts (≥£150M and ≥300 contracts in two periods triggers limit).
Record-keeping: Document high-LTI allowances, group allocations, exclusions.
Respond to consultation: Provide feedback on CP6/26 proposals via PRA channels (deadline not specified in summary; check full paper).
Engage regulators: FCA firms contact FCA for tailored guidance on high-LTI increases.

Key Dates

9 July 2025 DEADLINE

PRA offers interim modification by consent applications; firms must submit business plan/risk info within 1 month, then monthly reports (first covering prior 3 months)

11 July 2025

£150M threshold increase effective

TBD 2026 DEADLINE

PRA consultation on permanent LTI flow limit changes (due course post-review)

30 June 2026

Interim modifications expire (or earlier if rules amended)

Compliance Impact

Urgency: High – Firms near £150M threshold or planning high-LTI growth must act imminently on modifications (monthly reporting starts soon) to avoid breaches before June 2026 expiry; non-compliance risks enforcement, while opportunities for smaller lenders enhance competitiveness amid housing market pressures (https://www.bankofengland.co.uk/prudential-regulation/publication/2026/april/high-loan-to-income-lending-consultation-paper).

References

AI-generated analysis. May contain errors or omissions — verify with the original PRA source before acting. Full disclaimer.

Sectors:

Banking & Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Prudential / Capital Requirements

BankAll Firms

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🇬🇧 FCA policy_statement critical

March 30th 2026

FCA confirms motor finance redress scheme

We are going ahead with a scheme to compensate motor finance customers who were treated unfairly. Courts have found that firms broke the law by failing to disclose important information to customers. An industry-wide scheme is the quickest and most cost effective way to deliver fair compensation.We had over 1,000 consultation responses and engaged extensively with consumer groups, professional representatives, firms, manufacturers, investors and industry bodies. While most respondents support...

AI Analysis

The FCA has confirmed an industry-wide redress scheme to compensate motor finance customers for unfair treatment due to inadequate disclosure of commissions and ties between 6 April 2007 and 1 November 2024, following court rulings on law-breaking practices. This matters as it imposes up to £9.1 billion in costs on lenders, mandates proactive customer identification and payouts, and aims for rapid resolution while providing finality for firms and market stability.

What Changed

- Tightened eligibility: Excludes minimal commission agreements (£120 or less pre-1 April 2014; £150 or less post), zero APRs, unused DCAs, and contractual ties where lenders prove visible...
Two schemes: Separate for 6 April 2007-31 March 2014 and 1 April 2014-1 November 2024 to mitigate legal challenges on pre-2014 powers.
Compensation adjustments: Reflects higher 2007-2014 losses; capped in ~1/3 cases to avoid over-compensation.
Streamlined operations: Lenders contact only complainants or eligible non-complainants; no recorded delivery required, cutting delivery costs >40%.
Scope expansion: Covers DCAs, high commissions, and contractual ties under Consumer Credit Act 1974 ss.140A-C; includes deceased consumers.

Suggested Considerations

Identify all in-scope agreements (2007-2024 with broker commissions); assess eligibility against tightened criteria (e.g., undisclosed DCA/high commission/tie).
Contact complainants within 3 months post-implementation; eligible non-complainants within 6 months; invite scheme participation (6-month consumer response window).
Calculate redress per formula (commission-based, capped, with interest); pay promptly, allowing set-off against customer debts where applicable.
Gather records now (FCA expectation pre-rules); handle exclusions/exceptions with explanations; prepare for FOS challenges on time-bars.
Brokers: Respond to lender information requests.

Key Dates

6 April 2007

1 November 2024; Scope of agreements eligible for compensation

26 March 2020 DEADLINE

Cut-off for excluding high commission cases if clearly disclosed (firms must explain and allow FOS challenge)

2026 (this year)

Millions compensated

30 June 2026

End of implementation for 1 April 2014+ loans; lenders then have 3 months to notify complainants of redress

31 August 2026

End of implementation for 6 April 2007-31 March 2014 loans; lenders then have 3 months to notify complainants and 6 months for eligible non-complainants

Compliance Impact

Urgency: Critical – Firms face immediate preparation needs (e.g., data gathering) ahead of mid-2026 implementation, with £9.1bn costs, mass customer outreach, and legal risks from dual schemes/challenges. Non-compliance risks enforcement, as FCA expects prompt action for market finality; delays could exceed £6bn in alternative complaint/court costs.

References

AI-generated analysis. May contain errors or omissions — verify with the original FCA source before acting. Full disclaimer.

Sectors:

Consumer Credit Banking & Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct

BankFintechAll Firms

View Original

🇬🇧 FCA News high

March 30th 2026

Millions of car finance customers to get payouts this year as FCA goes ahead with compensation scheme

Millions of motor finance customers will receive compensation this year under an FCA scheme for those treated unfairly by firms who broke the law by failing to disclose important information. Consumers were denied the chance to seek a better deal and, in some instances, paid more for their loan.The FCA has made several changes to the free to use scheme in response to conflicting feedback from consumers, their representatives, firms, manufacturers and industry bodies.This ensures it is fair fo...

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Reporting & Disclosure

BankFintechAll Firms

View Original

🇬🇧 FCA News high

March 30th 2026

Regulators launch joint taskforce to crack down on poor practice in motor finance claims

A new taskforce will tackle poor handling of motor finance claims by some claims management companies (CMCs) and law firms, after the FCA, Solicitors Regulation Authority (SRA), Information Commissioner’s Office (ICO) and Advertising Standards Authority (ASA) agreed to join up their efforts. The announcement comes as the FCA prepares to set out its final compensation scheme for motor finance customers.The regulators will step up efforts to share intelligence and continue to take co-ordinated ...

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Authorisation & Licensing Reporting & Disclosure

BankFintechAll Firms

View Original

🇭🇰 SFC News high

March 30th 2026

Uncertificated securities market regime – targeted for launch in November 2026

No description available.

Sectors:

Capital Markets & Trading Consumer Credit Mortgage & Lending

Topics:

Authorisation & Licensing Operational Resilience / Outsourcing Technology & Cyber

BankBroker DealerFintech

View Original

🇱🇺 CSSF Guidance medium

March 25th 2026

Circular CSSF 26/908

Amendment of Circular CSSF 18/703 on the introduction of a semi-annual reporting of borrower related residential real estate indicators

AI Analysis

Circular CSSF 26/908 amends Circular CSSF 18/703 to update semi-annual reporting requirements for borrower-related residential real estate indicators, enhancing supervisory oversight of credit risk in Luxembourg's financial sector. Published today (25 March 2026), it matters for credit institutions as it refines data collection to better monitor real estate lending exposures amid potential market vulnerabilities.

What Changed

The circular introduces amendments to the original Circular CSSF 18/703 (itself amended by Circulars CSSF 20/737 and 21/772), focusing on semi-annual reporting of indicators tied to borrowers in residential real estate. Specific changes are not detailed in the provided summary or full content excerpt, but they likely involve refinements to reporting templates, data granularity, or submission processes to align with evolving EU prudential standards on real estate risk monitoring. The updated consolidated version of Circular CSSF 18/703 is now available as a 258.91Kb PDF.

Suggested Considerations

Download and review the full Circular CSSF 26/908 (291.96Kb PDF) and the updated consolidated Circular CSSF 18/703 (258.91Kb PDF) from the CSSF website: https://www.cssf.lu/en/Document/circular-cssf-26-908/.
Conduct a gap analysis of current reporting processes against the amended requirements for borrower-related residential real estate indicators.
Update internal systems, data collection templates, and reporting workflows to ensure accurate semi-annual submissions to the CSSF.
Train relevant compliance, risk, and finance teams on changes; document compliance confirmations for audit trails.

Key Dates

17 December 2018

- Original issuance of Circular CSSF 18/703 introducing semi-annual reporting

25 March 2026

- Publication date of Circular CSSF 26/908 (today)

Compliance Impact

Urgency: Medium - This is a targeted amendment to existing reporting obligations rather than a new regime, reducing immediate disruption, but non-compliance risks supervisory scrutiny, fines, or enhanced monitoring given CSSF's focus on real estate risk. It matters for maintaining accurate credit risk data, especially in a potentially volatile residential property market, supporting broader prudential stability.

References

AI-generated analysis. May contain errors or omissions — verify with the original CSSF source before acting. Full disclaimer.

Sectors:

Banking & Credit Mortgage & Lending

Topics:

Prudential / Capital Requirements Reporting & Disclosure

Bank

View Original

🇱🇺 CSSF Guidance high

March 25th 2026

Technical FAQ on CSSF Regulation No 20-08 on borrower-based measures for residential real estate credit (track changes) (Updated)

Version of 9 March 2026

AI Analysis

The CSSF Technical FAQ on Regulation No 20-08 provides implementation guidance on **loan-to-value (LTV) limits for residential real estate credit in Luxembourg**, establishing borrower-based macroprudential measures designed to limit leverage in the mortgage market. This guidance is critical for lenders operating in Luxembourg as it clarifies how to calculate own funds, determine LTV compliance, and apply temporary portfolio exemptions that have been extended through June 30, 2025.

What Changed

The most recent update (March 9, 2026) to the Technical FAQ reflects the regulatory framework established by CSSF Regulation No 20-08 (as modified by Regulation No 24-10).
First-time buyers: LTV limit of up to 100%
Other buyers: LTV limit of 90%, implemented via portfolio allowance Buy-to-Let Residential Loans:
Standard LTV limit of 80%
Temporary exemption (until June 30, 2025): Lenders may apply LTV ratios up to 95% for up to 10% of annual production Other Residential Real Estate Loans:

Suggested Considerations

*For all lenders:
*Verify LTV compliance calculations for all new residential mortgage originations using the framework specified in the FAQ, ensuring own funds are calculated as actual equity contributions from borrowers
*Implement dual LTV tracking for borrowers financing new property through sale of existing property, ensuring compliance with both interim and final LTV ratios
*Document own funds sources carefully, particularly when cash collateral or sale proceeds are used, as these are only permitted for loans with initial LTV below 100%
*Prepare for June 30, 2025 transition by:

Key Dates

December 3, 2020

- CSSF Regulation No 20-08 originally published

January 1, 2021

- Regulation and LTV limits became effective for residential real estate credit on Luxembourg territory

May 21, 2024

- CSSF Regulation No 24-04 introduced temporary adjustments to LTV limits

December 30, 2024

- CSSF Regulation No 24-10 extended temporary adjustments

January 7, 2025

- Most recent Technical FAQ version published (prior to March 9, 2026 update)

Compliance Impact

Urgency: HIGH

References

AI-generated analysis. May contain errors or omissions — verify with the original CSSF source before acting. Full disclaimer.

Sectors:

Mortgage & Lending Banking & Credit Consumer Credit

Topics:

Prudential / Capital Requirements Consumer Protection / Conduct Reporting & Disclosure

BankFintech

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🇱🇺 CSSF Guidance high

March 25th 2026

Circular CSSF 18/703 (as amended by Circulars CSSF 20/737, 21/772 and 26/908) (Updated)

on the introduction of a semi-annual reporting of borrower-related residential real estate indicators

AI Analysis

Circular CSSF 18/703 introduces semi-annual reporting requirements for Luxembourg-based lenders on borrower-related residential real estate (RRE) indicators to monitor macroprudential risks in the RRE lending market, in line with ESRB Recommendation 2016/14 (as amended). It matters for compliance because it mandates data collection via a dedicated CSSF template, with exclusions only for banks below EUR 10 million in outstanding RRE exposures, ensuring supervisory oversight of lending standards. The circular has been iteratively amended (CSSF 20/737, 21/772, 26/908), with the latest update on 25 March 2026 refining reporting processes.

What Changed

- Original Scope (CSSF 18/703, 17 Dec 2018): Requires semi-annual reporting of RRE indicators for loans secured by Luxembourg residential real estate (existing dwellings, under construction,...
Amendment CSSF 20/737 (19 Feb 2020): Clarified reporting thresholds and processes; banks with total outstanding RRE exposure ≤ EUR 10 million are exempt from reporting (no zero report needed if no...
FAQ (19 Feb 2020): Specifies reporting for new exposures (Jan-Jun or Jul-Dec) and outstanding exposures as of 30 June/31 Dec; exemption applies only if exposure < EUR 10 million.
Amendment CSSF 21/772 (10 May 2021): Further refinements to data template and indicators.
Amendment CSSF 26/908 (25 Mar 2026): Latest update to reporting template and processes, effective immediately given publication date. Data is collected via a CSSF template on the website, focusing on...

Suggested Considerations

Download and use the dedicated RRE data template from the CSSF website (https://www.cssf.lu/en/Document/circular-cssf-18-703/).
Assess total outstanding RRE exposure; if > EUR 10 million, collect data on new/outstanding exposures per reference dates (30 Jun/31 Dec).
Ensure IT systems store/process RRE indicators (e.g., borrower debt metrics, collateral details) for semi-annual extraction.
Submit reports to CSSF in April/October; review amendments (20/737, 21/772, 26/908) and FAQ for updates.
For exempt banks: Confirm eligibility annually; no zero report required.

Key Dates

17 Dec 2018

Original Circular CSSF 18/703 published; reporting obligation introduced

19 Feb 2020

Circular CSSF 20/737 and FAQ published; clarified exemptions and scope

10 May 2021

Circular CSSF 21/772 amendment published

25 Mar 2026

Circular CSSF 26/908 amendment published (today's date); immediate implementation expected for upcoming cycles

Ongoing (semi DEADLINE

annual); Reports due in April (ref. 31 Dec) and October (ref. 30 Jun) each year

Compliance Impact

Urgency: High – Ongoing semi-annual obligation with latest amendment today (25 Mar 2026, CSSF 26/908) likely affects the next October 2026 cycle (ref. 30 Jun 2026); non-compliance risks supervisory sanctions, as it supports macroprudential monitoring under ESRB framework. Firms must validate systems/data immediately post-amendment to avoid gaps in reporting population.

References

AI-generated analysis. May contain errors or omissions — verify with the original CSSF source before acting. Full disclaimer.

Sectors:

Banking & Credit Mortgage & Lending

Topics:

Prudential / Capital Requirements Reporting & Disclosure

Bank

View Original

🇮🇪 CBI Enforcement high

March 24th 2026

Remarks by Deputy Governor Colm Kincaid to Central Bank of Ireland’s Consumer Protection Workshop – Consumer Protection at the Heart of Our Mission

Good afternoon and welcome to this Central Bank of Ireland workshop on the Consumer Protection Code. Today I will focus on the outlook for consumers and investors. But first let me pause to talk a little about the broader context in which we find ourselves. We are living through a period marked by extraordinary change, geopolitical instability, rapid technological transformation and shifting economic conditions. Governor Makhlouf summarised this well when he said how 2026 has already seen ext...

AI Analysis

Deputy Governor Colm Kincaid's speech on 24 March 2026 emphasizes consumer protection as central to the Central Bank of Ireland's (CBI) mission amid geopolitical, technological, and economic changes, highlighting the revised **Consumer Protection Code 2025** (CPC 2025) as a key modernization effort. This matters for compliance professionals because the CPC 2025 introduces enhanced, digitally-focused protections effective **24 March 2026**, replacing the 2012 Code after a 12-month implementation period, with firms required to proactively secure customer interests.

What Changed

The CPC 2025 comprises Standards for Business Regulations (governance, resources, risk management, conduct standards) and Consumer Protection Regulations (cross-sectoral and sector-specific rules for...
Core obligation: Firms must "secure customers’ interests," shifting to a proactive, customer-focused mindset.
Cross-sectoral requirements: Knowing the consumer/suitability; conflicts of interest/remuneration; vulnerable consumers (updated definition); digitalisation (customer-focused design); effective...
Specific enhancements: Fraud/scam protections; mortgage switching disclosures; greenwashing prevention via clear sustainability claims; expanded consumer definition (e.g., SMEs up to €5m turnover...
Supporting materials: Guidance on securing interests/vulnerable consumers, mapping tool for legacy codes, redline amendments.

Suggested Considerations

Gap analysis: Map current policies/processes against CPC 2025 using CBI's mapping tool; update for new obligations like digital service design, vulnerability screening, fraud measures.
Policy/system updates: Implement "secure customers’ interests" framework; enhance disclosures (e.g., mortgages, charges, unregulated activities); train staff on conduct standards/vulnerable consumers.
Governance/risk: Strengthen board oversight, risk management for cyber/fraud/digital risks; distinguish regulated/unregulated activities.
Testing/monitoring: Develop records/compliance systems; test advertising/bundling; integrate sustainability claims checks.
Stakeholder engagement: Review CBI guidance/FAQs; prepare for supervision during implementation.

Key Dates

24 March 2025

- CBI publishes revised CPC 2025, Standards for Business Regulations, Consumer Protection Regulations, and guidance

24 March 2026

- CPC 2025 takes effect; existing 2012 Code ceases (12-month implementation period ends)

Until 24 March 2026

- 2012 Code (with addenda) remains in force

Compliance Impact

Urgency: High – With effectiveness today (24 March 2026), firms face immediate non-compliance risk as the 12-month window closes; CBI supervision will intensify on digital/fraud/vulnerability protections amid heightened risks (e.g., cyber, scams). Non-adherence risks enforcement under CBI's powers, reputational damage, and fines, especially as this "gold-plates" EU rules in a volatile environment.

References

AI-generated analysis. May contain errors or omissions — verify with the original CBI source before acting. Full disclaimer.

Sectors:

Banking & Credit Insurance & Pensions Payments & E-Money Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Operational Resilience / Outsourcing Technology & Cyber

BankInsurancePayment Provider

View Original

🇬🇧 FCA policy_statement high

March 20th 2026

FCA highlights risks when dealing with unregulated lenders

We are reminding regulated firms they need to undertake proper checks when dealing with unregulated lenders, safe custody providers, money brokers and financial leasing companies – also known as 'Annex 1' firms. There are around 1,200 of these firms registered with us for solely anti-money laundering purposes. Our powers are currently limited to looking at how these firms are meeting their anti-money laundering obligations and they are not subject to our wider rulebook. This regime is based o...

AI Analysis

The FCA statement reminds regulated firms to perform robust due diligence on 'Annex 1' firms—unregulated lenders, safe custody providers, money brokers, and financial leasing companies registered solely for AML purposes—due to their limited oversight and heightened financial crime risks. This matters because Annex 1 firms (approx. 1,200) are not subject to FCA's full rulebook, conduct rules, or protections like the Financial Ombudsman Service, exposing regulated firms to contagion risks if they fail to manage interactions properly. Non-compliance could lead to regulatory scrutiny, enforcement, or reputational damage amid FCA's ongoing AML focus.

What Changed

No new rules or legislative changes are introduced; this is a supervisory reminder reinforcing existing obligations under the Money Laundering Regulations 2017 (MLRs). It emphasizes enhanced due diligence on Annex 1 firms, referencing the 2025 National Risk Assessment (NRA) for risk management. The FCA highlights proactive engagement, including a 2024 letter to CEOs and follow-up with 300 firms in late 2025, signaling intensified supervision without altering the registration-only regime under the Financial Services and Markets Act.

Suggested Considerations

Verify Annex 1 registration status directly from the firm and via independent checks (e.g., FCA Register).
Understand the Annex 1 firm's business model, products, and risks, aligning with MLRs and 2025 NRA.
Manage identified risks, such as AML deficiencies or consumer encouragement into limited company structures for unregulated lending.
Document due diligence to demonstrate compliance, integrating into broader financial crime frameworks (e.g., BWRA/CRA per FCA findings).

Key Dates

2024

FCA letter to CEOs of Annex 1 firms raising AML concerns.; - **Late 2025 - FCA follow-up engagement with 300 Annex 1 firms.**

Compliance Impact

Urgency: High – This amplifies existing AML due diligence requirements amid FCA's 2025-30 financial crime strategy, with evidence of supervisory action (2024 letter, 2025 follow-ups). Failure risks enforcement, as Annex 1 interactions could facilitate financial crime or consumer harm without FOS protections; firms should audit exposures immediately to align with BWRA/CRA expectations and avoid findings like those in FCA's risk assessment review.

References

AI-generated analysis. May contain errors or omissions — verify with the original FCA source before acting. Full disclaimer.

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

AML / Financial Crime Consumer Protection / Conduct Authorisation & Licensing

BankPayment ProviderAll Firms

View Original

🇬🇧 FCA policy_statement critical

March 20th 2026

Investigation into Market Financial Solutions Limited

We have opened an enforcement investigation into Market Financial Solutions Limited (MFS). MFS is an Annex 1 business, which is solely registered with and supervised by us for its compliance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.Annex 1 registered firms are not authorised or subject to wider FCA regulation.MFS entered administration on 25 February 2026.

AI Analysis

The FCA has opened an enforcement investigation into Market Financial Solutions Limited (MFS) following the firm's entry into administration on 25 February 2026, amid allegations of serious financial irregularities, fraud, and double-pledging of collateral. This investigation is significant because it represents regulatory scrutiny of an Annex 1 business—a firm with limited FCA oversight—whose collapse exposed structural weaknesses in private credit markets and raised questions about due diligence practices across the financial sector.

AI-generated analysis. May contain errors or omissions — verify with the original FCA source before acting. Full disclaimer.

Sectors:

Banking & Credit Mortgage & Lending Investment Management

Topics:

AML / Financial Crime Authorisation & Licensing Senior Managers / Governance

BankAll Firms

View Original

🇮🇪 CBI Speech

March 18th 2026

Opening Statement by Colm Kincaid, Deputy Governor of Central Bank of Ireland at the Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach

Role of Non-Bank Entities in the Irish Housing Market regarding residential mortgages Go raibh maith agat a Chathaoirligh agus gabhaim buíochas leis an gcoiste as ucht an cuireadh a bheith anseo inniú. I am joined by my colleagues Domhnall Cullinan, Director of Banking and Payments, and Aisling Menton, Head of Retail Credit and we welcome the opportunity to continue this important discussion on the role of non-bank entities in the Irish mortgage market. As outlined in updated figures we publi...

Sectors:

Banking & Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Prudential / Capital Requirements

BankFintechAll Firms

View Original

🇬🇧 FCA Guidance critical

March 16th 2026

Creating a redress system that works better for consumers and firms

We’ve reached a significant milestone in our joint work with the Financial Ombudsman Service and the Government to modernise the redress systemso that consumers get fair outcomes quicker and firms have greater clarity about how issues will be handled.We’re delivering change at speed by acting now within our current powers, with a focus on improving how the system works in practice. This includes a new registration stage for complaints, updated dismissal grounds and clearer guidance on the fai...

AI Analysis

The FCA, in collaboration with the Financial Ombudsman Service (FOS) and the Government, has announced modernization of the UK's financial redress system to accelerate consumer compensation and provide firms with greater regulatory clarity. This initiative represents a fundamental shift in how complaints are registered, assessed, and resolved, with immediate implementation underway within existing FCA powers and broader legislative reforms planned.

What Changed

The redress system modernization introduces several structural and procedural reforms: Registration Stage for Complaints A new formal registration stage has been introduced to standardize how complaints enter the system, improving tracking and early identification of systemic issues across firms and markets. Updated Dismissal Grounds The FCA has revised the criteria for dismissing complaints, providing clearer standards that should reduce disputes about complaint admissibility and improve consistency in decision-making. Enhanced Fair and Reasonable Test Guidance Clearer guidance on how the...

Suggested Considerations

*Immediate Operational Priorities (Pre-May 2026):
*Governance and Accountability
Appoint senior managers with explicit accountability for complaints handling and redress programmes
Establish board-level oversight structures with regular reporting on complaints volumes, redress calculations, and regulatory compliance
Document decision-making frameworks for complaint eligibility and dismissal grounds

Key Dates

Before end of 2026

- Consumers expected to begin receiving compensation under motor finance scheme

End of March 2026

- FCA expected to publish final rules and guidance for motor finance redress scheme, confirming scope, calculation methodologies, and timescales

31 May 2026 DEADLINE

- Complaints pause lifts for DCA-related motor finance complaints; standard 8-week response deadline resumes

Mid

2026 onwards; - Motor finance compensation payments anticipated to commence

Compliance Impact

Urgency: CRITICAL

References

AI-generated analysis. May contain errors or omissions — verify with the original FCA source before acting. Full disclaimer.

Sectors:

Consumer Credit Banking & Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Authorisation & Licensing Senior Managers / Governance

BankFintechPayment Provider

View Original

🇬🇧 FCA News high

March 12th 2026

Second charge mortgage firms told to raise standards for consumers

Lenders and brokers in thesecond charge mortgagemarket need toconsiderhow theyadvise customers, assess affordability and charge fees. An FCA review has found that weaknesses in some firms’ practices could put borrowers, particularly those consolidating debt, at increased risk of financial harm.Second charge mortgages are often used by customers with high existing levels of debt and low financial resilience. The FCA’s review found examples of good practice across the sector but also issues tha...

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Prudential / Capital Requirements

BankAll Firms

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🇬🇧 FCA News high

March 11th 2026

Man jailed for running illegal sale-and-rent-back scheme targeting struggling homeowners

Rajinder Gill and accomplices have been sentenced for their involvement in a sale-and-rent-back scheme. Mr Gill has been sentenced to two and a half years in prison for running a sale-and-rent-back scheme without being authorised and illegally providing credit agreements and mortgages. As accomplices in the scheme, Amandeep Heer received a community order for 2 years with a condition of 250 hours of unpaid work, and Jetinder Sandhu has completed 100 hours' unpaid work over 12 months (as a con...

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Authorisation & Licensing Reporting & Disclosure

BankFintech

View Original

🇦🇺 ASIC News high

March 11th 2026

Remedy Housing officers sentenced for dishonesty offences

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Authorisation & Licensing Reporting & Disclosure

BankFintech

View Original

🇪🇺 ECB Enforcement high

March 10th 2026

ECB sanctions Nordea subsidiary for breaching limit on large exposures

No description available.

AI Analysis

The ECB imposed a €2.26 million penalty on Nordea Finance Finland Ltd for incorrectly reporting large exposures by assigning guaranteed receivables to debtors instead of guarantors, breaching the 25% capital limit for 13 quarters from 2021-2024 due to serious negligence and internal control deficiencies. This enforcement action underscores the ECB's strict enforcement of large exposure rules under EU banking regulations, serving as a warning for banks on accurate counterparty identification and robust controls. Compliance professionals must prioritize exposure calculation accuracy to avoid severe penalties classified as "severe" under ECB guidelines.

What Changed

- 2021 Regulatory Change: Prohibits assigning guaranteed receivables to debtors for large exposure calculations; exposures must be assigned to guarantors instead, ensuring proper risk attribution to...
Large Exposure Limits (CRR): Exposures exceeding 10% of a bank's capital trigger reporting as "large"; no single exposure or group of connected counterparties may exceed 25% of capital.
Severity Classification: ECB categorizes breaches as "severe" (from minor to extremely severe), guiding penalty calculations per its *Guide to the method of setting administrative pecuniary...
Broader Framework: EBA Guidelines on large exposures provide criteria for assessing breaches and timelines for returning to compliance, emphasizing harmonized EU application.

Suggested Considerations

Review Exposure Calculations: Immediately audit methodologies for guaranteed receivables, ensuring assignment to guarantors per 2021 rules; validate against CRR connected client principles.[ECB Press Release]
Enhance Internal Controls: Implement robust governance to prevent "serious negligence," including automated checks, independent validation, and training on counterparty identification.[ECB Press Release]
Conduct Gap Analysis: Test large exposure reporting for the past 4 years; remediate any breaches within EBA timelines (e.g., return to compliance promptly).
Monitor and Report: Establish real-time monitoring for exposures >10% capital; notify ECB of breaches immediately with remediation plans.[ECB Press Release]
Penalty Challenge Option: Affected firms may appeal to the Court of Justice of the European Union within standard timelines (typically 2 months).[ECB Press Release]

Key Dates

2021

Regulatory change introduced prohibiting debtor assignment for guaranteed receivables; .[ECB Press Release]

Q1 2021 to Q4 2024 (13 consecutive quarters)

Period of breaches by Nordea Finance Finland Ltd; .[ECB Press Release]

10 March 2026

ECB announces €2.26 million penalty; .[ECB Press Release]

Compliance Impact

Urgency: High – This recent ECB enforcement (announced yesterday) demonstrates aggressive penalty application for prolonged breaches, with €2.26 million for "severe" violations signaling heightened scrutiny on large exposures amid ongoing CRR/CRD VI alignment. Firms risk similar fines, reputational damage, and supervisory escalation if controls fail, especially with ECB's 2026-2028 priorities emphasizing risk management. Immediate reviews are essential to mitigate exposure in a regime designed as a prudential backstop.

References

AI-generated analysis. May contain errors or omissions — verify with the original ECB source before acting. Full disclaimer.

Sectors:

Banking & Credit Mortgage & Lending

Topics:

Prudential / Capital Requirements Reporting & Disclosure

Bank

View Original

🇩🇪 BaFin News high

March 5th 2026

Identity fraud: BaFin warns consumers about the website unzerfinanzpro(.)de

The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website unzerfinanzpro(.)de. BaFin suspects the unknown operators of the website of conducting banking business without the required authorisation. Specifically, the website advertises loans.

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Authorisation & Licensing AML / Financial Crime

BankFintechAll Firms

View Original

🇬🇧 FCA policy_statement critical

March 4th 2026

Motor finance compensation scheme to include implementation period

We'd also streamline the scheme, so millions get compensation in 2026. We're considering over 1,000 responses to our proposals for a compensation scheme for motor finance customers who were treated unfairly.If we proceed with a scheme, we are likely to make several changes. If we do go ahead, we expect to publish final rules in late March. The timing of publication will be outside market hours and we'll confirm the date in advance. Final decisions on the scheme have not yet been made. But to ...

AI Analysis

The FCA is implementing a **streamlined motor finance compensation scheme** to address unfair commission disclosure practices, with final rules expected in late March 2026 and scheme launch in early 2026. This represents a major regulatory intervention affecting approximately 14 million motor finance agreements with estimated total redress costs of £8.2 billion, requiring immediate operational preparation by all lenders and finance providers.

What Changed

The FCA's streamlined approach introduces several material modifications to the original compensation scheme proposal: Process Streamlining
Automatic opt-in for prior complainants: Customers who complained before scheme launch will no longer be asked to opt out.
Immediate acceptance of offers: Consumers can accept redress offers immediately rather than waiting for final determinations.
Flexible communication channels: Firms are no longer required to use recorded delivery; alternative channels with fraud safeguards are permitted. Implementation Timeline
Three-month standard implementation period from scheme launch, with up to five months for older agreements to allow adequate data review and calculation accuracy.

Suggested Considerations

*Immediate Priorities (Q1 2026):
*Data Integrity Assessment: Conduct comprehensive audit of historic motor finance agreements to identify eligible customers and validate transactional data completeness, particularly for older agreements.
*Redress Calculator Development: Build auditable, validated redress calculators capable of:
Repricing loans based on proposed APR reductions
Calculating compensatory interest at BoE base rate + 1%

Key Dates

Early 2026

– Scheme implementation begins (exact date dependent on final rules publication)

Late March 2026

– FCA to publish final scheme rules (timing to be confirmed in advance, outside market hours)

31 May 2026 DEADLINE

– Motor finance complaints handling pause lifts; firms must be ready to respond to complaints outside the scheme

11 April 2031 DEADLINE

– Record retention deadline for all relevant scheme documentation

Three months from scheme launch

– Standard implementation period for lenders to contact prior complainants and provide compensation notifications

Compliance Impact

Urgency: CRITICAL

References

AI-generated analysis. May contain errors or omissions — verify with the original FCA source before acting. Full disclaimer.

Sectors:

Consumer Credit Mortgage & Lending Banking & Credit

Topics:

Consumer Protection / Conduct Reporting & Disclosure Senior Managers / Governance

BankFintechAll Firms

View Original

🇩🇪 BaFin News high

March 2nd 2026

Capitalis (Bank): BaFin warns consumers about the website capitalisgroup(.)site

The Federal Financial Supervisory Authority (BaFin) warns consumers about the company Capitalis and the services it is offering. BaFin suspects the unknown operators, who purportedly have their registered office in France, of using the website capitalisgroup(.)site to offer loans to consumers and thus conduct banking business without the required authorisation.

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Authorisation & Licensing

BankFintech

View Original

🇮🇪 CBI Warning high

March 2nd 2026

Stalwart Investments Limited (Clone) - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Authorisation & Licensing AML / Financial Crime

BankFintechAll Firms

View Original

🇮🇪 CBI Warning high

March 2nd 2026

SB Leasing Ireland Limited (Clone) - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Authorisation & Licensing Operational Resilience / Outsourcing

BankFintechAll Firms

View Original

🇬🇧 FCA News medium

February 25th 2026

FCA proposes action to close gaps in borrowers’ credit files

Lenders could have access to more comprehensive information to support lending decisions, under new proposals by the FCA. The FCA is consulting on designating certain credit reference agencies (CRAs). If a lender shares credit information with one designated consumer CRA, it would be required to share it with them all.The changes aim to close gaps in consumers’ credit files and ensure these more accurately reflect people’s financial circumstances.Alison Walters, director of consumer finance a...

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Reporting & Disclosure Authorisation & Licensing

BankFintechAll Firms

View Original

🇬🇧 PRA policy_statement high

February 20th 2026

PS5/26 – Credit Union Service Organisations

Policy statement 5/26

AI Analysis

PRA Policy Statement PS5/26 finalizes rules permitting UK credit unions to invest in Credit Union Service Organisations (CUSOs), expanding from the CP13/25 proposals to foster innovation, collaboration, and growth while managing prudential risks through safeguards like due diligence and investment caps. This matters as it enables credit unions—often smaller mutuals—to access shared services (e.g., HR, IT, compliance) via CUSOs, leveling the playing field against larger competitors and supporting the PRA's safety/soundness and competitiveness objectives.

What Changed

- Investment permission and cap increase: Credit unions can now invest in CUSOs using own capital, with the cap raised from 5% to 7.5% of total capital across all CUSOs (clarifications added on...
Expanded CUSO scope: CUSOs can now serve other UK-regulated mutuals (with Part 4A permission) beyond just credit unions; partnerships with non-credit unions permitted as owners, subject to safeguards.
Supervisory expectations in SS2/23: New chapter requires due diligence, risk analysis, limited liability to investment amount, legal/operational separation, conflict of interest policies, and...
Other updates: Chapter 17 of SS2/23 amended due to deletion of SS20/15; six-month implementation window for SS2/23 CUSO expectations.

Suggested Considerations

Review and update policies: Credit unions must conduct due diligence/risk assessments before any CUSO investment/use; implement conflict of interest policies, especially for non-credit union partnerships.
Ensure structural safeguards: Limit liability to investment amount; maintain legal/operational separation between credit union and CUSO; monitor aggregate investments ≤7.5% of capital.
Governance alignment: Decisions must prioritize member benefits per legislative objects; update internal investment rules to comply with amended PRA Rulebook (Credit Unions Part).
Implementation planning: Within six months, integrate SS2/23 expectations into operations; non-engaging credit unions need no action but should monitor for opportunities.
Reporting/oversight: Prepare for PRA supervision on CUSO risks; consider CBA updates if significantly impacting mutuals.

Key Dates

24 October 2025 DEADLINE

- Consultation response deadline for CP13/25

20 February 2026

- Publication date of PS5/26 (final policy)

~20 August 2026 DEADLINE

- Implementation deadline for SS2/23 CUSO expectations (six months from PS5/26 publication)

Compliance Impact

Urgency: High – Credit unions eyeing CUSOs for growth (e.g., shared services) must act promptly within the six-month window to avoid supervisory breaches, as this expands opportunities but introduces new prudential risks (e.g., ownership misalignment, capital exposure). Non-compliance risks heightened PRA scrutiny, especially post-PS26/25 mutual sector review; benefits justify costs only for opt-in firms, but proactive preparation ensures safety/soundness.

References

AI-generated analysis. May contain errors or omissions — verify with the original PRA source before acting. Full disclaimer.

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Prudential / Capital Requirements Operational Resilience / Outsourcing Authorisation & Licensing

BankFintechAll Firms

View Original

🇨🇦 OSFI News

February 17th 2026

Superintendent Peter Routledge participates in a fireside chat with Mortgage Professionals Canada

Sectors:

Banking & Credit Mortgage & Lending

Topics:

Prudential / Capital Requirements Consumer Protection / Conduct

Bank

View Original

🇩🇪 BaFin News high

February 11th 2026

finanzpluss: BaFin warns against offers on the website finanzpluss(.)online

finanzpluss, allegedly based in Frankfurt am Main, offers loans on its website for high fees, without the necessary authorisation, which are not paid out.

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Authorisation & Licensing Consumer Protection / Conduct AML / Financial Crime

BankFintech

View Original

🇮🇪 CBI Warning high

February 10th 2026

Capital Horizon Loans (Clone) - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Authorisation & Licensing AML / Financial Crime

BankFintechAll Firms

View Original

🇿🇦 FSCA News

February 7th 2026

FSCA MyMoney

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Authorisation & Licensing

BankFintechAll Firms

View Original

🇬🇧 FCA News high

February 4th 2026

FCA and SRA issue joint warning to firms representing motor finance commission claims

The FCA and Solicitors Regulation Authority (SRA) have today issued a joint warning to claims management companies (CMCs) and law firms involved in motor finance commission claims to make sure consumers don’t have multiple representatives for the same claim and are not charged excessive termination fees. The regulators are reminding CMCs and law firms that they are expected to have robust checks in place to confirm consumers have not already instructed another representative. The FCA has also...

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Authorisation & Licensing

BankFintechAll Firms

View Original

🇦🇺 ASIC News medium

February 2nd 2026

Director of WA tiling business charged with making false statement

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Reporting & Disclosure Authorisation & Licensing

BankFintechAll Firms

View Original

🇦🇺 ASIC News high

January 24th 2026

RAMS penalised $20 million for widespread compliance failings regarding home loans

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Authorisation & Licensing Reporting & Disclosure

BankFintech

View Original

🇦🇺 ASIC News high

January 24th 2026

ASIC disqualifies NSW hospitality director for five years

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Prudential / Capital Requirements Authorisation & Licensing

BankFintechAll Firms

View Original

🇦🇺 ASIC News high

January 24th 2026

Former director of private lending companies permanently banned over fraud conviction

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Authorisation & Licensing Prudential / Capital Requirements

BankFintechAll Firms

View Original

🇦🇺 ASIC News high

January 24th 2026

ASIC bans Sydney mortgage broker for ten years and cancels her Australian credit licence

Sectors:

Consumer Credit Mortgage & Lending

Topics:

Authorisation & Licensing Consumer Protection / Conduct

All Firms

View Original

🇮🇪 CBI Warning high

January 21st 2026

DEV Limited (CLONE) - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Authorisation & Licensing Consumer Protection / Conduct AML / Financial Crime

BankFintech

View Original

🇺🇸 SEC News

January 20th 2026

Division of Corporation Finance Names Senior Staff

The Securities and Exchange Commission today announced the senior team from the Division of Corporation Finance responsible for advising division Director James Moloney on all matters the division has before the Commission. These include rulemaking…

Sectors:

Capital Markets & Trading Consumer Credit Mortgage & Lending

Topics:

Reporting & Disclosure Authorisation & Licensing Senior Managers / Governance

BankBroker DealerWealth Manager

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🇱🇺 CSSF News low

January 13th 2026

Register of EU/EEA Mortgage Credit Intermediaries operating in Luxembourg under the freedom to provide services in accordance with the Mortgage Credit Directive 2014/17/EU (Updated)

No description available.

Sectors:

Banking & Credit Mortgage & Lending

Topics:

Authorisation & Licensing Consumer Protection / Conduct

Bank

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🇮🇪 CBI Warning high

December 17th 2025

Tava Loans - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Authorisation & Licensing

BankFintechAll Firms

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🇮🇪 CBI Warning high

December 17th 2025

Ava Credit Finance - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Authorisation & Licensing Consumer Protection / Conduct

BankFintech

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🇬🇧 FCA News medium

December 15th 2025

FCA sets out plans to help build mortgage market of the future

First-time buyers and the self-employed could get a step-up onto the housing ladder, under new plans from the FCA. Its priorities for reforms to the mortgage market also include helping homeowners unlock housing wealth for a more comfortable later life.The FCA will focus on 4 areas:First-time buyers & underserved consumers: Simplifying mortgage rules to allow more flexible products that reflect different working patterns and income levels at different stages of life.Later-life lending: Review...

Sectors:

Banking & Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Prudential / Capital Requirements

BankFintech

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🇱🇺 CSSF Guidance high

December 9th 2025

Circular CSSF 25/899

Application of the Guidelines of the European Banking Authority on Acquisition, Development, and Construction (ADC) exposures to residential property under Article 126a of Regulation (EU) 575/2013 (EBA/GL/2025/03)

AI Analysis

Circular CSSF 25/899 mandates the application of EBA Guidelines (EBA/GL/2025/03) on Acquisition, Development, and Construction (ADC) exposures to residential property under Article 126a of Regulation (EU) 575/2013 (CRR), specifying conditions for reducing the risk weight from 150% to 100% on qualifying exposures. This matters for Luxembourg credit institutions as it directly impacts capital requirements for real estate lending, promoting safer lending practices while aligning with Basel III standards via CRR3 implementation.

What Changed

- Introduces precise definitions for CRR Article 126a(2) terms, enabling 100% risk weight (instead of 150%) for ADC exposures to residential property if conditions are met: at least 50% of total...
Mandates "sound standards for lending and credit monitoring" alongside these criteria.
Accounts for social housing/public not-for-profit lending specificities, with tailored rules for regulated entities serving long-term tenant housing.
Replaces prior "particularly high-risk exposure" class with dedicated ADC class under CRR3.

Suggested Considerations

Review and classify ADC exposures against EBA-defined criteria (e.g., contract thresholds, equity levels, monitoring standards) to determine eligibility for 100% risk weight.
Update internal policies, risk assessment models, and credit approval processes to incorporate "sound lending standards" and EBA specifications, including social housing carve-outs.
Recalculate capital requirements under standardized credit risk approach; report changes via CRR disclosures.
Maintain documentation proving compliance (e.g., deposit proofs, equity valuations) for supervisory audits by CSSF.
Institutions must "make every effort to comply" per EBA Regulation Article 16(3).

Key Dates

4 November 2025

- EBA Guidelines (EBA/GL/2025/03) apply across EU (two months post-publication on 27 June 2025 in all official languages)

1 December 2025 DEADLINE

- CSSF Circular 25/899 published, requiring immediate compliance preparation for Luxembourg firms

Compliance Impact

Urgency: High – Firms with significant ADC portfolios face immediate capital relief opportunities (50bp risk weight reduction) but risk non-compliance penalties if processes aren't updated by early 2026, especially post-CRR3 rollout; misclassification could inflate capital needs amid ongoing Basel implementation.

References

AI-generated analysis. May contain errors or omissions — verify with the original CSSF source before acting. Full disclaimer.

Sectors:

Banking & Credit Mortgage & Lending

Topics:

Prudential / Capital Requirements

Bank

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🇮🇪 CBI Warning high

December 5th 2025

LiteLoans4U - Central Bank of Ireland Issues Warning on Unauthorised Firm

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct Authorisation & Licensing

BankFintech

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🇬🇧 PRA policy_statement medium

December 5th 2025

PS26/25 – Discontinuing SS20/15: Supervising building societies’ treasury and lending activities

Policy statement 26/25

AI Analysis

The Prudential Regulation Authority (PRA) has issued PS26/25, finalizing the withdrawal of Supervisory Statement (SS) 20/15, which previously set prescriptive expectations for building societies' treasury and lending activities, effective immediately upon publication on 5 December 2025. This deregulatory move reduces administrative burdens, enhances proportionality across deposit takers, and promotes competition by aligning building societies more closely with banks, while relying on existing tools like the PRA Rulebook, SMCR, and routine supervision for risk management. It matters for compliance teams as it eliminates specific guidance often misinterpreted as binding requirements, freeing firms to tailor risk frameworks but requiring vigilance on broader prudential expectations.

What Changed

- Full deletion of SS20/15: Removes all expectations on treasury and lending activities, including the "Treasury Approaches" framework, without replacement.
Consequential amendments: Updates SS31/15 (Internal Capital Adequacy Assessment Process and Supervisory Review and Evaluation Process) to excise references to SS20/15.
Alignment with broader policy: Addresses inconsistencies with PRA's approach for banks, improved sector risk management maturity, and proportionality for smaller firms; supports objectives of safety,...
No new rules imposed: PRA deems existing tools sufficient, including Building Societies Act 1986 restrictions, PRA Rulebook, SMCR, and supervision; derivatives permitted only for risk management...

Suggested Considerations

Review and update policies: Building societies must confirm internal treasury/lending frameworks align with remaining requirements (e.g., PRA Rulebook, Building Societies Act 1986, ICAAP/SREP under amended SS31/15); remove any SS20/15-specific references or processes.
Assess risk management: Evaluate use of derivatives or treasury tools for compliance with non-prescriptive expectations; ensure SMCR accountability and board oversight.
Update governance documents: Revise ICAAP/SREP processes per SS31/15 amendments; document rationale for tailored approaches to demonstrate proportionality.
Engage supervisors: No immediate reporting mandated, but proactive dialogue recommended for firms previously on extensions or complex approaches.
Monitor related reforms: Track Strong and Simple framework (e.g., PS4/26, PS20/25) for SDDT capital/liquidity simplifications referencing this change.

Compliance Impact

Urgency: Medium – Effective immediately (5 December 2025), but deregulatory nature reduces burdens rather than imposing new obligations; critical for year-end 2025/early 2026 planning to avoid legacy SS20/15 misapplication. Matters as it shifts from prescriptive "hard limits" (often treated as rules) to principles-based supervision, enabling flexibility but heightening reliance on firm-specific risk assessments amid PRA's focus on competition and growth; non-compliance risks arise from over-reliance on withdrawn guidance or inadequate tailoring.

References

AI-generated analysis. May contain errors or omissions — verify with the original PRA source before acting. Full disclaimer.

Sectors:

Banking & Credit Mortgage & Lending

Topics:

Prudential / Capital Requirements Senior Managers / Governance

Bank

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🇬🇧 PRA News medium

November 28th 2025

Other systemically important institutions (O-SII) buffer rates for ring-fenced banks, large domestic banks, and large building societies

The PRA has set the 2025 O-SII buffer rates for ring-fenced banks, large domestic firms, and large building societies

Sectors:

Banking & Credit Wealth & Private Banking Mortgage & Lending

Topics:

Prudential / Capital Requirements Authorisation & Licensing Reporting & Disclosure

Bank

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🇬🇧 PRA policy_statement high

November 12th 2025

PS22/25 – Leverage Ratio: Changes to the retail deposits threshold for application of the requirement

Policy statement 22/25

AI Analysis

The PRA's PS22/25 finalizes an increase in the retail deposits threshold for the leverage ratio requirement from £50 billion to £75 billion, introducing a three-year averaging mechanism for calculations, effective 1 January 2026. This adjustment reflects nominal UK GDP growth since 2016 to maintain the Financial Policy Committee's original risk appetite while smoothing cliff-edge effects for firms like building societies. It matters for major UK banks and similar firms as it alters capital planning and leverage ratio applicability, potentially reducing immediate compliance burdens for those nearing the old threshold.

What Changed

- Retail deposits threshold raised from £50 billion to £75 billion, adjusted upward from the CP2/25 proposal of £70 billion to account for further GDP growth to Q2 2025 (rounded to nearest £5...
Introduction of a three-year moving average for calculating retail deposits metric, replacing point-in-time values to mitigate volatility and aid capital planning, particularly for building societies.
Non-UK assets threshold remains unchanged at £10 billion.
Modifications by consent disapplying leverage ratio rules during review will cease on 30 June 2026. These changes are implemented via updates to the Leverage Ratio – Capital Requirements and Buffers...

Suggested Considerations

Review and update internal retail deposits calculations to incorporate three-year moving average methodology starting 1 January 2026.
Assess current and projected retail deposits against £75 billion threshold (and £10 billion non-UK assets) to determine leverage ratio applicability and adjust capital planning accordingly.
Prepare to meet 3.25% leverage ratio minimum plus buffers if thresholds breached, including systems updates for averaging and reporting.
For firms with modifications by consent: Plan transition back to full leverage ratio rules by 30 June 2026, including any necessary capital raises or disclosures.
Update governance, risk models, and board reporting to reflect changes; conduct gap analysis against PRA Rulebook appendices in PS22/25.

Key Dates

5 March 2025

- PRA publishes Consultation Paper CP2/25 proposing £70 billion threshold

5 June 2025 DEADLINE

- Consultation response deadline

12 November 2025

- PRA issues PS22/25 with final policy

1 January 2026

- Final policy takes effect, applying new £75 billion threshold and three-year averaging

30 June 2026

- Cessation of modifications by consent disapplying leverage ratio rules

Compliance Impact

Urgency: High – With effectiveness just after today (1 January 2026), firms near £50-75 billion in retail deposits face immediate recalibration of leverage exposures and capital buffers to avoid breaches, amplified by the shift to averaging which requires historical data reconstruction. Non-compliance risks PRA enforcement, heightened scrutiny, or capital inadequacy findings, but the higher threshold and averaging provide planning relief versus the status quo.

References

AI-generated analysis. May contain errors or omissions — verify with the original PRA source before acting. Full disclaimer.

Sectors:

Banking & Credit Payments & E-Money Mortgage & Lending

Topics:

Prudential / Capital Requirements

BankPayment ProviderAll Firms

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🇺🇸 SEC News medium

September 26th 2025

SEC Seeks Public Comment to Improve Rules on Residential Mortgage-Backed Securities and Asset-Backed Securities

The Securities and Exchange Commission today published a concept release soliciting public comment on how to improve current SEC rules governing residential mortgage-backed securities (RMBS) and certain aspects of asset-backed securities (ABS) generally…

Sectors:

Banking & Credit Capital Markets & Trading Mortgage & Lending

Topics:

Consumer Protection / Conduct Reporting & Disclosure Authorisation & Licensing

BankBroker DealerAll Firms

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🇬🇧 PRA News low

September 11th 2025

Future Banking Data roundtable with members of UK Finance and the Building Societies Association

On 1 July, the PRA and the Bank of England held a roundtable meeting with representatives of non-systemic UK banks and building societies.

Sectors:

Banking & Credit Wealth & Private Banking Mortgage & Lending

Topics:

Prudential / Capital Requirements Operational Resilience / Outsourcing Authorisation & Licensing

Bank

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🇱🇺 CSSF Warning high

March 25th 2025

Warning about loan scams on social media

Press release 25/04

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Consumer Protection / Conduct AML / Financial Crime

BankFintechAll Firms

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🇫🇷 AMF News medium

October 26th 2023

Loans originated by AIFs: the AMF amends its guidelines on reporting requirements

Asset management Loans originated by AIFs: the AMF amends its guidelines on reporting requirements

Sectors:

Investment Management Banking & Credit Mortgage & Lending

Topics:

Reporting & Disclosure Authorisation & Licensing Prudential / Capital Requirements

Asset ManagerBank

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🇫🇷 AMF News medium

July 2nd 2021

The AMF publishes a study on the development of the SPAC market and its challenges

Financial products Bids Shares Financial disclosures & corporate financing Markets The AMF publishes a study on the development of the SPAC market and its challenges

Sectors:

Capital Markets & Trading Consumer Credit Mortgage & Lending

Topics:

Market Abuse / Surveillance Reporting & Disclosure Authorisation & Licensing

Asset ManagerBroker DealerBank

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🇮🇪 CBI Consultation high

March 20th 2018

Credit Reports now available

Following a satisfactory review of the data submitted by banks and credit unions, to the Central Credit Register, the initial enquiry phase has now commenced. This means that from today borrowers and lenders can request a copy of credit reports from the Central Credit Register. Data on mortgages, personal loans, credit cards and overdrafts, which is backdated to 30 June 2017, is live on the system and is incorporated into credit reports. From 30 September 2018 it will be compulsory for credit...

Sectors:

Banking & Credit Consumer Credit Mortgage & Lending

Topics:

Reporting & Disclosure Consumer Protection / Conduct Authorisation & Licensing

BankPayment ProviderAll Firms

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