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Most UK consumer credit providers must improve their risk management, FCA says

( October 23, 2024, 13:25 GMT | Official Statement) -- MLex Summary: The majority of UK consumer credit firms and non-bank mortgage lenders need to improve their systems for risk governance and management, the Financial Conduct Authority said today in a multi-firm review. The watchdog had reviewed the risk management of firms specialized in providing consumer credit for personal, household, or non-business purposes, and found that firms should improve their approach, including their assessment of economic conditions and of their own financial resources.Review is attached....

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