Tackling Europe’s non-performing loans (NPLs)
Even though more than a decade has passed since the global financial crisis, many banks, particularly in the EU, have struggled with high levels of NPLs. These loans have a negative effect on bank profitability and large numbers of bad loans reduce bank equity, with the result that it becomes more difficult to originate new […]
Behaviour and Culture of the Irish Retail Banks – a new Individual Accountability Framework
The Independent recently interviewed the Central Bank of Irelands’ Director General (Financial Conduct), Derville Rowland. The issue of culture in Irish banking institutions was considered at length and Rowland indicated that a culture report would be produced for the Minister shortly – it has since been issued. The report focusses on the behaviour of the […]
Meet the team at the 23rd Annual Global ABS in Barcelona
We are pleased to announce that once again we will be exhibiting at the 23rd Annual Global ABS conference, taking place 11-13 June 2019, in Barcelona, Spain. Over 3,500 leaders in the global ABS market will attend this event, which is recognised as the largest annual European structured finance gathering. We have built a reputation […]
Senior Manager & Certification Regime comes of age – what next?
It is just over 2 years since the FCA Senior Manager & Certification Regime [SM&CR] was implemented for banks and deposit takers. Since then, the regulator has continued to embed cultural changes and strengthen market accountability with the objective of minimising consumer harm. There were, therefore, no surprises that the recently issued policy statement extending […]
ABS Conference 2019 – thanks from our team
“We have been attending the ABS conference for many years and thanks to everyone that visited our stand in Barcelona last week. Our senior team was present to meet many of our existing clients and explain to potential clients how we can add value and expertise to the process of trading asset backed portfolios.” Richard […]
Time to end “tick box” complaint handling processes
The FCA has recently published the findings of its review of complaint handling by non-deposit taking mortgage lenders and mortgage third party administrators. The results are far reaching and significantly relate to all regulated firms not just to the sectors initially investigated. Overall, the results were positive, but there are areas where firms need to […]
Peer to peer – ready for a shake up
The peer to peer [P2P] lending market has never been without controversy; despite being regulated by the FCA from April 2014 when it took over the regulation of consumer credit from the OFT. As early as 2016, the FCA launched a review of its regulation of the crowdfunding sector and that review resulted in additional […]
Retirement Interest Only mortgages – are the risks being mitigated?
We have just hit the first anniversary of the FCA Consultation paper announcing the intention to create a new term, Retirement Interest Only Mortgages [RIOs], and to exclude them from the definition of ‘lifetime’ loans. The paper suggested that RIOs had significantly different risks compared to lifetime mortgages as the former did not feature the […]
Rockstead at Global ABS 2017 in Barcelona
Rockstead recently exhibited at Global ABS 2017 in Barcelona. We joined issuers, investors and other service providers in another successful annual ABS conference and took the opportunity to showcase our UK, Ireland and European asset, process and business due diligence capabilities. Please get in touch if you want to discuss any of your own requirements.
Interest only – has inertia set in?
We have commentated on this topic several times before and undoubtedly some progress has been made by lenders, but recently mortgage portfolio trades have contained large proportions of interest only loans and there has also been a renewed focus by the FCA. Despite some commentators suggesting that this issue is a low risk one, the […]
