Pandemic highlights need for FCA to change approach to forbearance
Our series on the Woolard Review concludes with a look at the UK financial regulators measures on forbearance and how...
The Financial Conduct Authority recently published (2 February 2021) a review by its former interim chief executive, Christopher Woolard, on change and innovation in the unsecured credit market. The Woolard Review sets out 26 high-level recommendations for the UK financial watchdog and government.
This series looks at aspects of the review and its recommendations, including: fintech product innovations and risks; information and reference agencies; high-cost credit; debt advice solutions; the future role of regulation; and forbearance.
Our series on the Woolard Review concludes with a look at the UK financial regulators measures on forbearance and how...