PRA consultation on equity release mortgages
Last updated: 27 May 2016
- Consulting body:
- Prudential Regulation Authority
- Period of consultation:
- Runs from 31 March 2016 to 27 May 2016
- CML action:
- Response submitted
The CML has responded to the Prudential Regulation Authority consultation on equity release mortgages (ERM).The paper was asking for views on ERM valuation, capital treatment, risk management and associated matters.
We welcome the engagement of the PRA in this sector of the mortgage market.
The discussion paper does not propose any additions to the PRA Rulebook but seeks to gain a more detailed understanding of the development of this sector of the mortgage market and the policies that firms employ within this segment of the market - particularly in regard to valuations and risk management.
The full CML consultation response can be downloaded at the foot of this page.