Hosted By Jawad Akhtar
In this episode, our host Jawad Akhtar welcomes Michael Lawrence from Bovill, a top expert in the field. They talk about the nitty-gritty of Consumer Duty and what it means after the July 2023 deadline. They’ll also look at how the FCA’s changing rules and how technology can help with following the rules.
This episode of FinTalk by VERMEG covers:
VERMEG:
https://www.linkedin.com/company/vermeg
Jawad Akhtar:
https://www.linkedin.com/in/jawad-akhtar-fintalk
Bovill:
https://www.linkedin.com/company/bovill-limited/
Michael Lawrence:
https://www.linkedin.com/in/michael-lawrence
Stay tuned for more insightful conversations on the FinTalk podcast.
Michael Lawrence discusses how firms have approached the implementation of Consumer Duty, saying, «Many firms did really good work to implement the duty. It’s a big ask for people to reappraise all of your products and services.»
Reflecting on the FCA’s role, he adds, «We’ve seen over the last six months the FCA taking action in certain areas. And people say, ahh, so that’s what fair value means.»
On the topic of technology’s role, Lawrence notes, «Tech must be a kind of underpinning of all of the key duty outcomes… You can use tech to carry a lot of the burden here.»
Tune in to the complete episode on your favorite streaming platform to keep up-to-date with the newest trends and rules that impact your business.