In a speech by Jonathan Davidson (Director of Supervision – retail and authorisations at the FCA), delivered at the Credit Summit in London today, Davidson highlighted the FCA’s current view on the consumer credit market.
Amongst other topics, his speech covers the FCA’s thinking in relation to:
- current and projected levels of borrowing
- authorisations of consumer credit firms
- growth and change in the car finance market
- interdependence of markets and products
- Risks to consumers and the role of the regulator
- Affordability and vulnerable consumers
- Affordability and appropriate forbearance