The FSA urged lenders to protect themselves against a possible worsening of liquidity and credit risks. Clive Briault, FSA Retail Managing Director, told the Council of Mortgage Lenders Annual Conference that “there is a very real prospect that conditions will worsen further into next year, in terms of both liquidity and credit risks.”
In his speech Clive Briault also announced that the FSA is to take an urgent look at whether lenders are complying with FSA rules and treating customers fairly in their practices for the handling of mortgage arrears and possessions.
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© Graham Bishop
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