Housing economists dispute the Bank of England’s belief the buy-to-let mortgage sector has become systemically important and a threat to the wider economy. Last month the Bank of England said the buy-to-let sector is now large enough to be a possible danger to UK plc. The Bank is worried an interest rate rise or financial […]
Senior financial services experts have backed warnings from Treasury committee chairman Andrew Tyrie of “regulatory overload”. Speaking in a Westminster debate on the Financial Services Bill last week, Tyrie warned the FCA and the Bank of England risk being overwhelmed by the Government’s legislative agenda and said regulators could be powerless to prevent the next […]
Now the Institute of Financial Planning has been merged into the Chartered Institute for Securities and Investment, most financial planners are getting used to the new norm. The CISI is a very different beast to the good old IFP. Not necessarily better or worse, just different. And that takes some getting used to. One issue […]
The Equity Release Council is urging the FCA to consider easing mortgage affordability rules to help consumers make interest repayments before swapping to a roll-up deal. Changes to the Mortgage Conduct of Business rules following the Mortgage Market Review mean lifetime mortgage contracts which permit consumers to pay interest for a period are subject to […]
Dr. Andrew Lo, Founder and Chief Investment Strategist at AlphaSimplex, says the financial market has experienced the ‘Marching Band Effect’ over the past few years, with the various elements moving to left and right together and feeling the risks as one, making the effect more dynamic.
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