Asset Finance brokers and lenders who have not yet reserved their place at one of the three digital sessions for asset finance lenders and brokers we will be running next Friday 19th May at noon to 1.40pm on zoom should book their place now by emailing louiseclavey@assetfinanceconnect.com. These sessions are specifically for lenders and brokers but corporate members are also warmly invited. Please also tell us which stream you would like to attend, and a second option should we be unable to place you in your chosen slot.
Places are limited – as for every participative event we run – but the topics are important for all brokers and lenders who depend on the effective functioning of the broker-lender channel. This event is free to join but all participants will be asked to leave their cameras on and be ready to participate in the conversations.
The top 3 issues, identified by UK lenders and brokers, following a poll of participants in Asset Finance Connect’s unconferences are as follows:
- Will lenders agree to a common review process for all brokers?
- Do brokers doing unregulated work need to regulated by the FCA post implementation of Consumer Duty? There is a lot of information out there at present – and not all of it is consistent.
- What is the likely impact of the review of the Appointed Representatives Regime?
The topics under discussion for the digital meeting are as follows:
Stream 1 – Building a resilient and efficient broker lending channel (moderator: John Rees)
Expert witnesses: Norman Chambers, managing director, NACFB; Simon Goldie, Director of Business Finance & Advocacy, FLA; Philip White, founder, Broker Hub
Session 1: A discussion about the value of creating a standard review process or broker processes recently suggested by the trade associations
What problems are they trying to solve?
Will it meet the needs of lenders?
Will it make life easier for brokers?
What is the best method of making it happen?
Session 2: What does the asset finance industry need to do to help small ambitious brokers to succeed?
Stream 2 – compliance (moderator: Stephen Bassett)
Expert witnesses: Wayne Gibbard, commercial clients and strategy, Shoosmiths; Ben Traynor, Principal Associate, Shoosmiths
Session 1: The review of the appointed representative regime
What is the outcome expected to be?
What is the likely effect on different types of brokers?
What are the strengths and weaknesses of the regime?
Session 2: Clarity on Consumer Duty and Consumer Credit Review
Clarity on regulatory and legal changes for organisations who are either on the periphery or are not regulated.
Do asset finance lenders/brokers need to be registered with FCA?
Co-manufacturers – what are the implications of consumer duty for brokers?
Stream 3: Technology (moderator: David Betteley)
Expert Witnesses: Katrin Herrling, CEO, Funding Xchange; Chris Whitcombe, managing director, LDMS
Session 1: Case Study
Case study of https://lnkd.in/ejrbXXgZ a dutch company owned by finance providers which creates the technology pipes connecting mortgages lenders and brokers in NL.
Assessment of the value of this sort of scaling ecosystem* for UK asset finance – what problems is it trying to solve; what are the necessary conditions for it to implemented.
Session 2: Strategic implications of creating a hub through which lenders and brokers communicate.
Register now by emailing Louise Clavey at louiseclavey@assetfinanceconnect.com, giving your first preference and second preference scheme.
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