FSA warns lenders: prepare for slump

clock

Lenders are being told to prepare for a housing market downturn and heed warning from the US on sub-prime mortgages.

Clive Briault, FSA managing director of retail markets, says borrowers are “vulnerable” and “ill-equipped” to cope with a weaker economic environment. Speaking at the Building Association Society (BAS) annual conference today, Briault also says it is “vitally important” firms recognise the parallels between the sub-prime markets in the UK and US. Briault says lenders must always be prepared for the downside of the housing market. “Current market conditions are good and the most likely outlook is for these to continue,” he says. “But all lenders, including building societies, should en...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Titan Wealth inks Harlequins partnership

Titan Wealth inks Harlequins partnership

Becomes wealth management and women’s partner

Jen Frost
clock 03 October 2025 • 2 min read
Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow next week

Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow next week

The Scotland Investment Roadshow kicks off next week

Professional Adviser
clock 19 September 2025 • 1 min read
Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow next week

Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow next week

The Scotland Investment Roadshow kicks off next week

Professional Adviser
clock 16 September 2025 • 1 min read