FSA to appear at Collections / Debt Sale & Purchase Conference
Credit Today can announce that the head of consumer credit at the Financial Services Authority (FSA), Will Amos, will be a panellist at CT’s Collections, Debt Sale and Purchase conference next week.
As head of department at the FSA, Amos has responsibility for overseeing the transfer of consumer credit from the Office of Fair Trading (OFT) to the Financial Conduct Authority (FCA), which will take over as the new regulator in 2014.
His appearance comes amid widespread concerns among trade bodies such as the Credit Services Association, about the cost of new regulation and therefore impact on members.
Amos was previously head of retail enforcement at the FSA, where he was responsible for investigating cases where firms of all types and sizes committed financial crime.
This role included probes into financial firms which collapsed during the height of the banking crisis.
One of the critical topics Amos will speak on is insights into proposed FCA regulation and the effect this will have on the industry.
So far the FSA has revealed that the cost of regulation is set to rise under the FCA, giving £1,500 as a likely estimate of the cheapest annual regulation fees.
The levels of scrutiny applied to consumer credit licence applications will also be raised significantly.
At the conference on 15 November at Manchester’s Central Convention Centre, he will appear with panellists such as Gordon Ramsay, deputy director for investigations and enforcement at the OFT, in a debate on compliance and regulation.
Both Ramsay and Amos will also appear alongside Robert Skinner, chief executive of the Lending Standards Board (LSB), who will provide guidance on how the industry can get to grips with LSB requirements and strategise to guarantee compliance.
Alongside the regulators, Val McCarren, head of unsecured debt management at Co-operative Bank, and Tariq Khan, compliance director at debt buyer Marlin Financial Group, are appearing on the compliance panel.
The OFT’s investigations into payday loan companies, along with how to distinguish the range of approaches to PPI buy backs, will also be discussed in this session.
For more details or to book your place, call Ninica Hussein on 020 7940 4842 or click here to book online.