You are here: Home - News -

CML conference highlights host of issues for coming year

  • 16/12/2002
  • 0
With Advent came the Council's of Mortgage Lender's (CML) annual conference and debates ranging from...

With Advent came the Council’s of Mortgage Lender’s (CML) annual conference and debates ranging from regulation to Bach, courtesy of Miha Pogacnik, the cultural ambassador of the Republic of Slovenia.

Louis Hagan, a representative from the Association of German Mortgage Banks, spoke about the realities of operating under a single European currency and competing across national borders with foreign lenders.

Following him, Toni Moss, a founding partner behind Eurocatalyst, an information services firm engaged in developing pan-European strategies for companies engaged in lending, explained the problems encountered when planning to enter foreign markets and lend across European borders.

Dr Michael Lea, executive vice-president of Countrywide Home Loans in the USA, discussed what might be in store for the UK market if it follows the example of what is happening in the US with regard to predatory lending practices.

This was followed by Peter Spencer, professor of finance at the University of York, and Graeme Leach, chief economist at the Institute of Directors, debating whether the UK should join the EMU. The decision was left to the assembled lenders who voted 59-42 in favour of joining the EMU.

Paul Smee, director general of the AIFA, criticised the amount of forthcoming regulation and the difficulty for small firms to get sufficient guidance to keep on top of changes.

Worries over the European consumer credit directive were also a priority. Kate Main, senior policy adviser for the CML, said much work was being done to ensure the market would not face a double dose of regulation.


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
Abolition of polarisation will allow better choice of products

The Financial Services Auth- ority (FSA) is to it proceed with the abolition of the polarisation reg...