Summary – Read the full update here (including all the links & more)
This weeks DEMSA bulletin highlights a series of updates, ranging from a general overview to specific topics such as the SFS update, the decline in IVA volume, and a deep dive into diversity by Rooted Finance.
It also touches upon the collaboration on vulnerability, Ofgem’s energy prices, and the categorization of UK cyber incidents. Amidst these updates, there’s a notable emphasis on the recent announcements from Ofgem regarding the cap from October and the subsequent reactions from MAT and StepChange.
Key Points
- General update provided in the bulletin.
- SFS update discussed.
- Notable decline in IVA volume.
- Rooted Finance presents a deep dive into diversity.
- Emphasis on vulnerability collaboration.
- Ofgem’s energy prices highlighted by Johnny Timpson.
- Categorization of UK cyber incidents.
- Training events and duties mentioned.
- Announcements from Ofgem regarding the cap from October.
- Both MAT and StepChange have commented on Ofgem’s announcements.
Key Statistics
- Decline in IVA volume.
- Ofgem’s cap set for October.
- Feedback from both MAT and StepChange on Ofgem’s decisions.
Key Take Aways
- The importance of staying updated with industry changes and announcements.
- The role of Ofgem in influencing energy prices and its impact on consumers.
- The significance of collaboration when addressing vulnerability.
- The need for a comprehensive understanding of cyber incidents in the UK.
- The value of diversity in finance, as highlighted by Rooted Finance.
- The continuous evolution and challenges in the risk operations strategy.
- The importance of ensuring energy firms don’t exacerbate situations by seeking unaffordable debt repayments.
- The need for controlled and understandable debt repayment structures.
- The role of debt solution providers in ensuring clarity on debt repayments.
- The relevance of training events in keeping professionals updated.
- The significance of public feedback, as seen from MAT and StepChange’s comments.
- The broader implications of global events, such as the ladies football World Cup, on industry updates.
Access all the updates here
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