FSA to present on Mortgage Market Review at MBE 2011

FSA to present on Mortgage Market Review at MBE 2011




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Mortgage Business Expo 2011, the UK’s biggest event for financial i

ntermediaries, has now announced details of its seminar programme which will

include a key-note address on the outlook for the mortgage market from the FSA and a presentation on the European Commission’s Mortgage Directive from BIPAR, the European Federation of Insurance Intermediaries.

 

The key-note address from the FSA will take place at 2pm on November 17, the second day of the exhibition. Sheila Nicoll, Conduct Policy Director at the FSA will be using the seminar to outline the regulator’s current thinking on the Mortgage Market Review, including key issues such as affordable lending and the outlook for distribution.

 

James Prosser, MBE 2011 Show Director, commented: “It is vitally important that the MBE 2011 seminar programme reflects the interests of our attendees and covers the major issues and regulatory action that is likely to have a huge bearing on the future direction of the mortgage marketplace in this country. 

 

“We are delighted to have the FSA represented at the event on day two and no doubt all visitors will want to hear how the regulator views the current state of the market and what we can expect regulation-wise in the months and years ahead.”

 

A press release yesterday also outlined that a seminar presentation and debate, entitled ‘the potential impacts of the European mortgage directive on the market’, on the European Commission’s Mortgage Directive will take place on November 16 at 3pm.

 

The seminar will be delivered by Isabelle Audigier and Rebekka De Nie from BIPAR, and will tackle major European mortgage market questions.

 

BIPAR works closely with the Association of Mortgage Intermediaries (AMI) in representing UK intermediaries’ interests to the major European bodies such as the Commission and Parliament. 

 

Attendees will be able to hear first-hand from those working directly with MEPs and the Commission about this new directive on residential mortgages, the desired impacts of the directive and the implications for the UK market and intermediaries in particular.

 

James Prosser said: “The European Commission’s directive on mortgages has been widely debated and the rumour mill has been working overtime regarding what it will and won’t include. 

 

“We are therefore pleased to have two representatives from BIPAR presenting at MBE as they work closely with the individuals who will eventually decide how the final Directive might look, and what it will mean for the UK mortgage market. 

 

“Anyone interested in gaining an insight into how a post-European mortgage directive landscape in the UK is likely to look will I’m sure be attending this not-to-be-missed seminar on day one of our event. 

 

“We look forward to seeing the UK intermediary profession out in large numbers to debate the direction our market is heading in.”  

 

Other seminar presentations over the course of the two days include:

 

  • - A look at the current economic situation and its impact on the housing and mortgage market with Mark Baker (Wriglesworth) and Nigel Stockton (Countrywide).

  • - A panel of network representatives from Pink, TenetLime and Openwork, discussing what to look for in a network.

  • - A panel of lender representatives looking at the current issues for the lender-broker marketplace. Two different panels will be available for each day from lenders including Barclays, Nationwide, Northern Rock, Platform, GE, Precise, Paragon, ING and LBG.

  • - Protection market experts will outline why brokers are best placed to deliver in this area for consumers, with representatives from Safe & Protect, Kevin Carr Consulting, Assurance, Linear Pink and the Mortgage Advice Bureau.

  • - A view on the effective use of technology in marketing and lead generation from Tonic Marketing and Mortgage Brain.

  • - A look at alternative business streams including buy-to-let (Nationwide) and equity release (KRS and Bridgewater Equity Release)

  • - A review of the key issues surrounding fraud within the mortgage market from John Malone (PMS) and Robert Sinclair (AMI).

 

James Prosser added: “Our panel debates on networks and issues for the lender-broker market offer the opportunity for intermediaries to pose questions to some of the biggest players in the market, while we will be providing viewpoints on the economy, consumer protection, lead generation, marketing and alternative business streams. 

 

"Plus we will be providing an in-depth look at the important issue of fraud and what brokers need to be aware of and the steps they can take to minimise risk.”

 

The MBE now has nearly 100 exhibitors signed up with 2000 attendee registrations to date.

 

Mainstream lenders include Nationwide, Kensington, Northern Rock, Woolwich, Precise, and many more.

 

Bridging lenders include Bridgebank, Cheval, Dragonfly and Tiuta to name a few.

 

Mortgage Business Expo takes place on November 16 and 17 at Olympia 2, London. The full seminar programme has been put together by the AMI providing attendees with an array of advice and opinion on a variety of key issues facing the intermediary market.

 

If you are an intermediary, broker or adviser and have not yet registered to attend, visit

www.mortgagebusinessexpo.com.

By Jason McGee-Abe

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