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Eversheds comment: FCA on front foot over UK's interest only mortgage market

  • United Kingdom

    02-05-2013

    Commenting on today's warning by the FCA over a potential crisis in the UK's interest only mortgage market, Claire Carroll, partner and financial services expert at global law firm Eversheds, says:

    "The FSA was frequently criticised for being a reactive regulator, allowing problems to build up before taking rearguard action. One of the FCA's key messages before 1 April was that it would step in earlier and act faster to identify problems that risked harming consumers. Today's announcement is a notable early demonstration of this more proactive approach."

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