DEMSA Newsletter ¦ Summary

What you need to know this week

  • Nikhil Rathi, CEO of the FCA, is set to speak at the StepChange Connected event in September 2024.
  • The King’s Speech highlighted new legislative agendas like the Renters’ Rights Bill and a Digital Private Rented Sector Database.
  • Open Banking users in the UK have surpassed 10 million, showcasing widespread adoption of this technology.
  • Personal insolvency statistics for June 2024 show record highs in DROs, reaching 4,383 cases.
  • There’s a call for information on digital wallets by the PSR and the FCA, highlighting concerns about security and regulation.
  • The Cyber Security and Resilience Bill aims to enhance the UK’s defences against cyber threats.
  • The Labour Government plans to enact the Digital Information and Smart Data Bill to utilise data for economic growth.
  • FCA to discuss the impact of the Consumer Duty in a webinar scheduled for 31 July 2024.
  • The upcoming Consumer Duty Services insolvency practitioner event is on 3 October 2024 in Manchester.
  • Personal insolvency figures have risen, with a total of 10,395 individuals entering insolvency in June 2024.
  • The FCA’s regulatory round-up for July includes a credit information market study.
  • StepChange has responded to the King’s Speech addressing issues relevant to individuals in problem debt.

Access the full summary – key themes, links and the full newsletter here

Access all the summary updates here


RO-AR insider newsletter

Receive notifications of new RO-AR content notifications: Also subscribe here - unsubscribe anytime

See also  HIGHLIGHTS ¦ DEMSA Newsletter