Paradigm Mortgage Services’ first Mortgage Market Review (MMR) workshop saw those attending give the recently published FSA paper on Distribution and Disclosure a ‘broadly positive’ reaction.
The workshop was held a day after the publication of the FSA’s paper and was designed to provide Paradigm members with information about the proposals to date, their impact for brokers, lenders and consumers, and how the industry was likely to react to the suggested changes.
Attendees were provided with an economic overview from Richard Froud, senior economist at Barclays a lender’s view of MMR from Justine Gainer, national account manager at Northern Rock the trade association take on the proposals from Robert Sinclair, director of AMI and also a look at adviser responsibilities around individual authorisation from Graeme Stewart, principal compliance consultant at Paradigm Partners LLP.
The workshop took place in London with more events planned to take place around the country in the near future.
Bob Hunt, chief executive of Paradigm Mortgage Services, said: “It’s safe to say that all those members and speakers who attended our first Paradigm MMR workshop were broadly positive about the contents of the FSA’s Distribution and Disclosure paper. Clearly
