CML news & views

Issue no. 8 - 5 May 2010

The newly-published CML annual report reflects on a year of challenges – and the beginning of recovery – for lenders. Meanwhile, work on regulatory developments continues apace, with the CML submitting two important responses – on arrears, and proposals for extending the 'approved persons' regime.

In this issue

Lenders can look forward with greater confidence, report says
FSA changes must be 'fair, clear and transparent'
Regulator needs a re-think on approved persons
Updates on mortgage funding – and the 'skip index' – at the CML annual lunch
CML possessions register to close

Lenders can look forward with greater confidence, report says

Our annual report, published this week, covers a year in which lenders began the process of recovery.

FSA changes must be 'fair, clear and transparent'

We support many of the FSA's goals in amending the rules for dealing with arrears. But the proposals need clarification, and should be modified where they are excessive and disproportionate.

Regulator needs a re-think on approved persons

Our submission to the FSA calls on the regulator to abandon its one-size-fits-all approach to lender and intermediary firms.

Updates on mortgage funding – and the 'skip index' – at the CML annual lunch

This year's CML annual lunch was a more upbeat affair than in 2009. And David Smith, economics editor of The Sunday Times, updated guests on some serious – and not so serious - topics.

CML possessions register to close

Our possession register is to close this summer. When we launched it in the 1990s, it provided a useful tool for members. But it has been superseded by more sophisticated services from other suppliers.