Clifford Chance

FCA payment deferrals for consumers and the securitisation market

17 September 2020

Lenders of regulated credit in the UK have been required for many years to treat their customers fairly under the regulatory framework applicable to them, however COVID-19 has placed a renewed focus on these requirements and what they mean in practice. The FCA, as their regulator, was quick off the mark to set out its expectations as to how borrowers should be treated and over the past 6 months – releasing a string of guidance to firms on how they should interpret the existing requirements in light of COVID-19.

In this briefing we look at what measures the FCA have put into place for consumer credit and the consequences for the UK securitisation market in particular.

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