CML news & views
Issue no. 14 - 27 July 2010
The FSA aspires to create a market that is sustainable for all participants and is a flexible market that works better for consumers. However, it will be a market with fewer participants, less competition and less choice at a higher price for consumers, as well as being intensively regulated at higher cost. Like the FSA's Chairman, Lord Turner, we believe debate is needed about whether that pendulum swing will really give us what we want – lower home-ownership and greater financial exclusion are other ways of expressing some of the consequences.
In this issue
Regulatory reform: striking the right balance
The FSA proposed vast regulatory change in its recent consultation paper. But implications for consumers need to be taken into account during the debate.
Report finds widespread support for Mortgage Rescue Scheme
Last week's independent report points out the positive impact of the Mortgage Rescue Scheme – a scheme we hope will continue permanently.
CFEB: New consumer body to help borrowers
The Consumer Financial Education Body has recently gained its independence from the FSA. CML attended its inaugural conference and explains the aims and objectives of the new body.
Editor's details
- Name:
- Sue Anderson
- Tel:
- 020 7438 8924
- Email:
- sue.anderson@cml.org.uk




