FCA consults on first steps to simplify mortgage rules

David Geale Appointed Executive Director for Payments and Digital Finance

The Financial Conduct Authority (FCA) has appointed David Geale as permanent Executive Director for Payments and Digital Finance and Managing Director of the Payment Systems Regulator.  In his role David will be responsible for helping to deliver the National Payments Vision and driving the FCA’s work on open banking and digital finance.  David will also play a key role in the work to consolidate the PSR into the FCA, as announced by the Gover…

FCA consults on steps to simplify mortgage rules | Today's Conveyancer

FCA consults on steps to simplify mortgage rules: The FCA has launched a ‘public discussion on the future of the mortgage market’, with responsible risk-taking, alternative affordability testing, lending i

FCA consults on first steps to simplify mortgage rules

On 7 May 2025, the Financial Conduct Authority (FCA) published a consultation paper, CP25/11, on its Mortgage Rule Review: First steps to simplify our rules and increase flexibility. Background The FCA flags that various regulatory reforms since the 2008 financial crisis have improved standards across the mortgage market, including the introduction in 2023 of the Consumer Duty. It also notes that there was significant feedback on its mortgage ru…

How financial analytics is reshaping Consumer Duty compliance in 2025

Since the Financial Conduct Authority (FCA) formally introduced Consumer Duty in July 2023, the regulation has significantly influenced how UK financial institutions approach customer outcomes. Its core mandate—to ensure “good outcomes for retail customers”—has forced firms to rethink the way they design products, deliver services, and communicate. The Duty’s four outcomes—fair value, suitable products and services, consumer understanding, and a…

Empowering clients and scaling compliance with digital financial tools

The FCA’s Consumer Duty, introduced in July 2023, has become a driver of change across UK financial services. Its goal—to ensure good outcomes for retail

UK’s FCA opens consultation to simplify mortgage rules

The Financial Conduct Authority (FCA) as launched a consultation aimed at simplifying the rules governing the UK mortgage market.  According to the regulator, the initiative is intended to make it easier, faster and more cost-effective for consumers to adjust their mortgage arrangements.  The FCA noted the proposed changes form part of its broader strategy to help consumers better navigate their financial circumstances and support economic growt…