Sheila Nicoll, director of conduct policy at the FSA, and Annik Lambert, secretary general at the EMF, are both scheduled to speak in the same slot on mortgage regulation on May 4 at the BSA conference, being held in Birmingham’s ICC.
Paul Broadhead, director of mortgage policy at the BSA who will chair the session, said that to his knowledge it would be the first time the FSA and EMF would have to answer questions on regulation at the same time in public.
There has been much speculation in the industry that the FSA is forging ahead with its own regulation proposals without waiting for the European context, which will be set out in a European responsible lending paper due out later this quarter.
Broadhead said: “I for one will be interested to hear what they have to say on how they’ve been working together on this. There is potential for there to be some conflict between their proposals and I will definitely be asking that question of them both.”
