Verified disclosures can help loan originators satisfy new FCA rules
The FCA’s recently published policy statement includes a number of requirements for 36H regulated loan originators which need to be applied by December 2019. Brismo can help with a number of these requirements:
- Risk Management Framework – historic and projected return metrics illustrate net returns in the context of risk to a consistent ‘industry standard’
- Governance – the independence of risk, compliance, and internal audit functions can all be enhanced with the use of third party verified data
- Disclosure – standardised performance metrics deliver the comparability that allows investors to complete a process of value discovery
In all of these areas it can serve an originators’ interests, 36H or otherwise, not to ‘mark their own homework’. The assistance of an independent third party can mitigate risk and widen access to funding.
Let us know if we can help you to build standardised performance metrics into your process.