Your guide to this week in regulation
TechnicalStay up to date with our latest round up of financial regulation.
Court of Appeal ruling on motor finance commission
Episode 66
By: David Morrey
11 Nov 2024 16 min listen
David Morrey and Paul Garbutt discuss the recent Court of Appeal decision regarding motor finance complaints, which requires greater disclosure of commissions paid to brokers and explicit consent from borrowers.
Contents
This decision has significant implications for the industry, extending beyond regulatory requirements to contract law. During the episode we cover judgement overview, disclosure requirements, industry impact, implications for lending contracts and industry reaction, and risk mitigation.
Subscribe to the series today:
Spotify Amazon Apple
Get the latest insights, events and guidance for financial services professionals, straight to your inbox.
Host
-
David Morrey
I am a partner in our Financial Services Regulatory Advisory practice where I help clients dealing with the challenges of current regulation or emerging requirements.View Profile
Read our related insights, reports and more
PSM&A: applying CASS best practice to SIPP operators
ArticleThe FCA's PSM&A regime offers greater consumer protection for SIPP operators using unauthorised trustees. We look at the key features and similarities to CASS.
Automating regulatory reporting to support Basel 3.1
ArticleDiscover how UK banks can use straight through processing to lift Basel 3.1 regulatory reporting quality, strengthen internal controls and reduce resubmission risk.