CML news & views
Issue no. 2 - 5 February 2013
Regulators are to get new powers to intervene in financial markets. We accept the need for greater consumer protection, but lenders need to understand how the rules will work in practice. Today's issue also looks forward to Mark Carney's appearance before the Treasury select committee later this week, more buoyant lending, and progress with NewBuy Cymru.
In this issue
The Financial Conduct Authority is set to have new powers to intervene in financial services markets. Lenders understand the desire to enhance consumer protection, but want the proposed new rules to work well for everyone.
Mark Carney, the next governor of the Bank of England, will have an early opportunity to set out his views when he appears before the Treasury select committee on Thursday.
Bank of England data shows that gross lending has been growing since last summer - and lending for house purchase is buoying activity.
Lenders are supporting the launch of a NewBuy scheme in Wales, similar to ones already operating in England and Scotland.
- Bernard Clarke
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