Fca podcast on consumer duty
Web2 days ago · Consumer Duty: Four ways firms are failing their fair value assessments. By Jane Greenwood 12th April 2024 2:00 pm. Fair value is a key theme running through the … WebIn the second episode in a series of Inside FCA Podcast interviews on the Consumer Duty, the FCA's Manager of Consumer Policy, Richard Wilson, speaks to Ozge...
Fca podcast on consumer duty
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WebOur New Consumer Duty will set higher and clearer standards of consumer protection across financial services and require firms to put their customers’ needs first. ... Inside … WebCP21/36 follows Consultation Paper 21/13: A new Consumer Duty (“CP21/13”) which the FCA published in May . In CP21/13 the FCA set out a package of proposals for a proposed new ‘Consumer Duty’ that the FCA expects will drive a change in culture in firms. The expectation is that when the new duty is finalised firms will step up and put consumers at …
WebMar 6, 2024 · Background - Final Rules and Guidance. On 27 July 2024, the FCA published its Final Rules and Guidance on the New Consumer Duty. The FCA intends the Duty to set higher and clearer standards of consumer protection across financial services and require firms to put their customers' needs first. The Duty is comprised of three overarching … WebThe FCA has proposed two options for the wording of the new Consumer Principle, which it is seeking feedback on. Option 1, which states that “a firm must act to deliver good outcomes for retail clients”, places emphasis on consumer outcomes, and firms’ obligations to proactively deliver them.
WebCompliance with Consumer Duty is not a finite exercise, and firms will need to evolve and keep evolving their approach to product design, pricing, communications and serving and embed this in their ways of working, … WebConsumer Duty is the intended destination of the FCA's journey to outcomes-based regulation. The road to implementation This hub covers detail on the Consumer Duty initiative, the drivers behind it and how the FCA is approaching it, together with practical insights on the implementation impacts and implications for firms from these heightened ...
WebFeb 24, 2024 · In a recent episode of the Inside FCA podcast (7 pages / 150KB PDF) about the Duty’s ‘consumer understanding’ outcome, the regulator said that firms which sell products across a wide group of …
WebApr 12, 2024 · The FCA intends to cease requiring that publication at end-September 2024. The FCA has been clear that synthetic LIBOR is a temporary bridge to RFRs, hence active transition of legacy USD LIBOR contracts ahead of end-June 2024, wherever practicable, remains the best way for market participants to retain control and certainty over their … grey shirt with buffalo plaid sleevesWebThe Inside the FCA franchise has published another helpful podcast looking at the Consumer Duty outcomes. On this occasion it's all about consumer support. ... between suitably qualified professionals is one component to achieving good outcomes for consumers under the Financial Conduct Authority Consumer Duty. field insurance adjusterWebNov 10, 2024 · In this podcast episode we discuss aspects of the FCA's proposed financial services consumer duty that may have particular implications for both retail and … grey shoe polish for leatherWebFeb 21, 2024 · The Financial Conduct Authority has provided greater clarity on how the consumer duty affects ... of the Inside FCA podcast, Alex MacDermott, technical specialist at the regulator outlined what is ... field insurance agency pawleys islandWebJan 31, 2024 · A new consumer duty for financial services is set to be introduced by April 2024, with a second and final consultation on the plans closing on February 15. The onset of the consumer duty marks a ... grey shoes and matching bagWebFeb 2, 2024 · Watch now: The FCA’s Consumer Duty. Relisten to our webinar on the FCA’s Consumer Duty following the publication in December 2024 of the second … grey shoe polish kiwiWebInside FCA Podcast: Consumer Duty information sharing and the April milestone by Financial Conduct Authority published on 2024-03-27T14:17:09Z. Inside FCA Podcast: The crucial role of research at the … field in summer