Braithwate’s analysis of the FCA’s CP23/13 on Stronger Protections for Borrowers in Financial Difficulty.

These new rules represent a ratcheting up of the FCA’s expectations of how firms support customers in financial difficulty, adding another layer to firms’ Consumer Duty initiatives to enhance their arrears and vulnerable customer processes.

This blog reviews the key considerations for a consumer credit firm.

Braithwate analyses the FCA’s review of firms’ implementation of the Investment Firms Prudential Regime (IFPR) and highlights steps firms should take to avoid penalty capital buffers.