Tag: Consumer Duty

In its most recent Consumer Duty Solutions Series Webinar, RegTech firm Aveni examined what a data-driven regulator expects from a company in light of consumer duty.

 As the firms assess the FCA’s final guidance on Consumer Duty, Aveni has warned some consider the regulation as the Treating Customers Fairly (TCF) mandate in disguise. Aveni has outlined four areas where Consumer Duty and TCF differ.

With the UK’s FCA having released its final guidance on Consumer Duty proposals, firms have been given new requirements they must meet.