By Sinead Cruise
THE UK’S Financial Conduct Authority (FCA) is weighing changes to disclosure rules on mortgages, lending and savings products to ease the regulatory burden on banks, as it prepares to unveil a new five-year plan to deepen trust and promote growth in UK financial services.
The watchdog announced it wanted to retire hundreds of pages of outdated guidance and supervisory publications as part of a broader plan to streamline demands on financial firms, which it said would give product providers more flexibility to tailor communications to customers’ needs and preferences.
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