What You Need to Know This Week
Consumer Duty and IVAs: Increased scrutiny on creditor voting and IVA variations discussed at a Credit Strategy roundtable. UK Economy Growth: The economy grew by 0.1% in Q4 2024, driven by construction and services, while US inflation rose to 3% in January 2025. Insolvency Service Leadership Change: Chief Executive Dean Beale to step down in May 2025, initiating a recruitment process. Fraud, Credit, and Compliance Convergence: Financial services firms are integrating these functions to enhance risk management and efficiency. AI in Financial Services: Increased focus on AI governance, regulatory compliance, and risk mitigation. ICO and the Data (Use and Access) Bill: Amendments made in the House of Lords impact data governance regulations. Registry Trust Q4 2024 Report: A 19% rise in total judgment values to £595m, with increases in consumer debt levels across most UK regions. Consumer Understanding Webinar: Scheduled for 27/2/2025 at 11am, focusing on ...
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