BANKING

FCA Credit Conditions Survey Q4 2016

The FCA has published its latest survey for Credit Conditions, covering Q4 2016. The survey covers secured and unsecured lending to households and lending to non-financial corporations, small businesses and non-bank financial firms.

FCA, 13 January 2017

FLA: Consumer finance up 9% in November

The Finance and Leasing Association (FLA) has released figures showing growth of 9% in consumer finance new business in November 201, compared with November 2015. Credit card and personal loan business together grew 10%.

FLA, 13 January 2017

FLA: Asset Finance business grows 13% in November

The FLA has released figures showing the Asset Finance business, primarily leasing and hire purchase, grew by 13% in November 2016, compared with November 2015. The plant and machinery finance and business equipment finance sectors reported growth 18% and 33% respectively, and commercial vehicle finance new business increased by 11% over the same period.

FLA, 13 January 2017

 

INSURANCE

US and EU announce bilateral agreement on insurance and reinsurance measures

US and EU representatives have issued a press release announcing the conclusion of 'successful negotiations' on an agreement aimed at ensuring ongoing, robust insurance consumer protection and enhanced regulatory certainty for insurers and reinsurers operating in the US and the EU.

Europa, 13 January 2017

Insurance Europe: Complexity and comprehension for insurance-based investment products

Insurance Europe has published a position paper on the complexity of insurance-based investment products (IBIPs) for purposes of the Insurance Distribution Directive (IDD) and the packaged retail and insurance-based investment products (PRIIPs) Regulation.

Insurance Europe, 13 January 2017

Car insurance price index: costs continue to rise

The Car Insurance Price index, compiled by Confused.com, reports that car insurance costs have risen by 14% over the past year, a typical comprehensive car insurance policy now costs £767 annually.

Confused.com, 13 January 2017