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Hosted By Jawad Akhtar
Welcome to FinTalk, the leading podcast in Financial Services that addresses the most pressing topics in the finance industry.
Our host Jawad Akhtar has an engaging conversation with Matthew Tyrrell, Senior Manager at EY. With over 17 years of regulatory experience, Matthew explores the topic of Consumer Duty and its profound implications for the financial services industry.
This episode of FinTalk covers:
VERMEG:
https://www.linkedin.com/company/vermeg/
Jawad Akhtar:
https://www.linkedin.com/in/jawad-akhtar-313562b/
Matthew Tyrrell:
Matthew Tyrrell – Senior Manager – EY | LinkedIn
CP21/13: A new Consumer Duty | FCA
What firms can do to meet the Consumer Duty deadline | EY UK
“There’s three principles, cross-cutting principles, that are within the duty and four key outcomes and the outcomes are across products and services, price and value, consumer understanding and lastly, consumer support.” – Matthew Tyrrell.
“The FCA has been very clear that it’s building out a digital unified intelligence environment, which is a kind of space to bring together different data sources to sort of cut slice, dice and gain insights from doing so that wouldn’t historically have been possible.” – Matthew Tyrrell.
“In terms of what firms can do, being open, honest and self-critical, if you’d like about where you are today, and prioritizing against that; it’s a long-term journey. So working out where your biggest risks are and what actions you can take today might not be perfect, but what action you take today against those priority areas is important.” – Matthew Tyrrell