Prudential Regulation Authority unveils options to enhance competition in the mortgage market

PRA unveils new mortgage market measures - Credit Connect

The Prudential Regulation Authority (PRA) has unveiled a series of possible measures to make it easier for mid-sized firms to scale-up and compete in the residential mortgage market, and is now opening a wide discussion with industry on how best to do so. The PRA has now published a discussion paper to explore different options that affect how firms can determine capital requirements for residential mortgage loans (“exposures”) under the interna…

PRA proposes simpler rules to help mid-sized lenders compete in mortgage market

The Prudential Regulation Authority (PRA) has set out a range of options aimed at making it easier for mid-sized lenders to grow and compete in the UK mortgage market.  The PRA is now asking the industry for feedback on how to take these ideas forward. The PRA has published a discussion paper looking at ways firms calculate capital requirements for residential mortgages under the internal ratings based (IRB) approach.  The aim is to make the rul…

Prudential Regulation Authority unveils options to enhance competition in the mortgage market