FSA's TCF proposals 'too ambiguous' - AMI

It says the regulator needs to ensure proper guidance for smaller firms on TCF as well as setting achievable deadlines. The comments come as the AMI announces the launch of a TCF working party to work with the FSA and help firms have relevant Management Information (MI) in place by the TCF deadline of 31 March. Richard Farr, director of AMI, will lead the working party along with key industry figures, including Patrick Bunton of London and Country and Kay Leslie of Pink Home Loans. Farr has criticised the FSA for making vague proposals and says it needs to learn from previous deadlines ...