Towards the close of 2016, we saw a step up in activity from the Financial Conduct Authority. As a trade association, we are currently engaged with a number of consultations and policy discussions during this first quarter of 2017.
The Financial Conduct Authority is currently reviewing its mission and we will be keen to have our views heard. The mission of the FCA will guide the way it operates in future years, it will direct the allocation of regulatory resources and its priorities.
One of the most significant interventions within consumer credit involved the introduction of the price cap for High Cost Short Term Credit. The early part of 2017 will involve a review of the cap and the BCCA will be involved in the policy discussion.
Events in the calendar
An important part of the work of the BCCA is to arrange opportunities to discuss key issues and learn more. We have a number of events in the diary for early 2017:
25th January in Birmingham – Credit Broker Meeting
26th January in Leeds – Treating Customers Fairly – Training Workshop
28th February in Leeds – Senior Managers Regime – Training Workshop