Our news stories can be in the form of e-shots, ‘white papers’ or social media commentary, but we will not comment on trivial matters – you will not see us mentioning on what type of coffee we are drinking whilst waiting for a train! You can catch up on our previous commentaries below.
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Securitisations – alive and kicking
The recent positive news that a UK specialist lender has completed a £350m mortgage securitisation is a welcome fillip for the RMBS industry. In a further boost, a separate transaction…
Recovery Loan Scheme
While the Government’s Bounce Back Loan Scheme (‘BBLS’) and Coronavirus Business Interruption Loan Scheme (‘CBILS’) may have closed, they have been replaced by another loan scheme, also designed to provide…
Pre-funding reviews by Rockstead
Pre-funding reviews on new lenders or renewals of funding lines have evolved significantly since the global financial crisis (‘GFC’). The reviews were superficial and extremely light touch at that point…
Asset reviews – the world has changed
Variety is the spice of life – well that is certainly true in our world. It is often wrongly assumed that we solely provide due diligence reviews on traditional asset…
Rockstead gains quality assurance recognition
In a recent press release we announced that we had become fully registered on the FSQS supplier qualification system, managed by Hellios. FSQS is a community of leading financial institutions…
Fraud risks in COVID loan schemes
When a senior officer from the National Crime Agency warns MPs about the substantial amount of fraud within the emergency loan schemes you know there is a problem. With £43bn…
FCA fines – simply a cost of doing business?
Every January the FCA announces the fines total for the previous year. The 2020 totals were not quite as high as the 2019 figure, but it has still issued fines…
FCA approach to supervision
The FCA approach to supervision is not new having been put in place 18 months ago, but it has now further tightened the regulatory ratchet for lenders and others with…
Lifetime mortgage providers under the regulatory spotlight
Regulatory guidance lands on lenders’ desks in a variety of formats; guidance notes, consultation documents, policy updates, notifications of regulatory fines, Dear CEO letters and, on occasions (in respect of…
‘Buy now, pay later’ market is an FCA target
Followers of FCA regulatory trends know that what appears in a consultation today is likely to become the rule tomorrow – or at least remarkably close. This shows the detailed…
CBILS rule breaches under the spotlight
The timing may seem a bit strange, but the focus, as the scheme is about to come to an end, has been redirected to the issue of compliance. We suggest…
Risk mitigation in funding later life lending
Later life and ‘last time’ buyer lending is a product area where growth rates are outstripping traditional lending. Some commentators are genuinely surprised at the growth and innovation over the…
The RMBS market is alive and kicking
It also reinforces the continued support for specialist or non-bank mortgage lenders, particularly from global pension funds and debt investors when a number of them are understandably unhappy about the…
64 million reasons to reduce call handling risk
A regular theme in conversations with our clients, both Rockstead and Yabber’s, is the true cost of non-compliance. We make no excuse for banging on about it – too often…
Payment holidays – the risks for lenders
With the announcement that the payment holiday scheme is being extended for a further 3 months, with 1.8 million borrowers already having taken that option, it is now clear that…
Customer calls – today’s challenges
Our clients have identified three major issues right now: Increased volumes without proper resources in place Our solution Staffing Services Staff working from home receiving and making calls Our solution…
