Ben Player

Oct 18, 2024 | lexology.com | Ben Player |Nikki Worden |Charlotte Harris |Mirshad Ahani |Seirian Thomas

The search is on for market solutions, from property-linked finance to consumer credit reformThe potential of green finance is clear, but the growth of the sector is hampered by a range of practical and regulatory challenges. What solutions are the industry leaning towards, and what measures might the government take to boost green finance? Property-linked financeThis would involve making the finance "sticky" to the property which benefits from the upgrade, known as property-linked financing.

Oct 3, 2024 | lexology.com | Ben Player |Nikki Worden |Charlotte Harris |Mirshad Ahani |Seirian Thomas

Robust consumer protections for unsecured lending can pose problems, while mortgages are far from a perfect solutionGreen finance faces a range of challenges arising from the existing consumer credit regulatory framework in the UK. Personal nature of loansAgreements for credit are between lender and borrower, creating a tension when financing green home improvements, where the property benefits directly.

Sep 30, 2024 | lexology.com | Ben Player |Nikki Worden |Charlotte Harris |Mirshad Ahani |Seirian Thomas

What is green finance, why is it needed and what are the challenges? There is no single definition of green finance in the UK. Instead, it describes financing which relates to, or benefits, the environment in some way. Typically, it is used in broadly two ways. Firstly, it can refer to financing that pays for goods or services that improve environmental outcomes. For example, financing an electric vehicle or solar panels on a house.

Sep 27, 2024 | lexology.com | Nikki Worden |Charlotte Harris |Ben Player |Mirshad Ahani

FCA analysis finds some principal firms are taking a 'bare minimum' approach and are not 'getting the basics right' The Financial Conduct Authority (FCA) recently published its findings following a review of how principal firms are monitoring and overseeing their appointed representatives (ARs), including introducer ARs. The review takes into account the reforms which were introduced by the FCA in December 2022 and which were intended to strengthen the rules around principals' oversight of...

Jun 10, 2024 | mondaq.com | Nikki Worden |Charlotte Harris |Ben Player |Mirshad Ahani

The Financial Conduct Authority (FCA) has released a policy statement on new rules on product sales data (PSD) reporting for consumer credit lending firms that addresses recent feedback on its initial proposal. The regulator published the statement on 29 April following a consultation last autumn that sought views from firms on the introduction of the three new PSD returns into chapter 16 of the regulator's supervision rules.