Back-up service facilitation: readiness cannot be assumed
ArticleBack-up servicing has moved from a documentation formality to a live risk management issue.
03 Aug 2023 70 min listen
As the cost-of-living crisis continues to impact the UK, households are facing challenges with repayments and interest rates: from mortgages to everyday spending.
In July’s regulatory update, David Morrey and Ben Farmer discuss the latest pressures on businesses: the Consumer Duty, mortgage and interest rates, Solvency II, enforcement cases, and more – sharing insight on how firms and consumers can prepare for the changes ahead.
Back-up servicing has moved from a documentation formality to a live risk management issue.
In this episode, David Morrey and Ben Farmer explore the latest regulatory developments shaping financial services. They discuss the FCA's decision to make its Handbook available via API and what this could mean for RegTech, compliance functions and AI-enabled regulatory monitoring.
Stay up to date with our latest round up of financial regulation.