AFC Summer Conference 2024
Martin McTague, national chair of the Federation of Small Businesses (FSB)
FSB argues that asset finance lenders can perhaps better serve prospectively-good SME borrowers if they deploy personal guarantees (PGs) more selectively.
FSB issued a super-complaint to the Financial Conduct Authority (FCA) resulting in the FCA’s agreement to collect data to evidence harm but only for sole traders and other SMEs that were within the FCA’s consumer perimeter. FSB have argued that this fails to focus on where most potential harm is taking place.
- Listen to the FSB perspective
- Consider how lenders and FSB can interact to achieve better outcomes for both customers and lenders
Simon Evans, managing director of Consumer Redress Association (CRA)
CMCs see their role as champions of consumers, having increased the value of compensation and successful complaints by more than 10%.
The FCA were given some oversight over CMCs in 2016. Evans argues that the outcome from FCA oversight has been poor and has not served customers’ best interests. Following this, the CMC sector has reduced to 10% of its former size.
Evans argues that there are gaps in the consumer redress process which can be better addressed by effective CMCs following best practice and working alongside lawyers.
- Listen to the CRA perspective
- Consider how to work with regulator, ombudsman and others to achieve better outcomes from disputes
Wayne Gibbard, partner, Shoosmiths
How should the industry respond to a regulator which seems beset by unintended consequences from their interventions which often fail to achieve the intended results? Are we doing our bit to help make regulation work?
The FCA is facing significant challenges in intervening successfully in what are often complex financial services markets; significant resource constraints; problems associated with their scope (perimeter); political pressure to be seen to act promptly and effectively; how to balance regulation, innovation and maintain healthy market competition; and managing the apparent differing objectives of FOS, FCA and the courts.
- What are the opportunities and challenges with an increasingly regulation-led industry?
- How can the industry engage more effectively with the FCA and other participants in the regulatory ecosystem?
- How does the Government view regulators and manage oversight?
Case study - building and applying comprehensive IOT capabilities
- Ed Thompson, head of sales, Europe, John Deere
- Ruth Glennon Mckinnon, Head of Corporate Development, HSBC
New finance products for commercial vehicles
- Karima Haji, transformation director, Scania
- Stuart Clarke, head of sustainability, Lombard
Managing the transition - Banks and the margin problem
- Ruth Glennon, head of corporate development, HSBC
- Stuart Clarke, head of sustainability, Lombard
In-depth briefing on the decision by the FLA not to mandate commission disclosure.
- Why has the FLA policy on commission disclosure seemingly been reversed?
- What are the implications for lenders and brokers?
- What happens next?
Deep-dive into review of historic motor finance contracts.
- Progress since the FCA announced the intervention
- What is the expected outcome?
- What are the longer-term implications?
China update - AutoTrader brings AFC up-to-date on the YRD auto conference in China.
- Insight into OEM plans for UK and Europe
- AutoTrader perspective on the opportunities for lenders
Broker compensation models: are there good alternatives to commission-based payments for brokers?
- Is there a misalignment between broker value and broker remuneration?
- What are the alternatives to commission based payments?
- Are these likely to address regulator concerns?
Broker lender roundtables
See the roundtables page for full details of the planned roundtable discussions.
Topics to be discussed will include:
- How do we sell the value of brokers to regulators?
- How do we remunerate them effectively?
- How can brokers use tech to drive down costs and save time?
Presentation for lending professionals on the practical application of machine learning as a predictor of the timing of lease renewals followed by Q&A
- Jeff Lezinski, EVP Product Management, Odessa
- Interviewed by John Rees, head of equipment finance, Asset Finance Connect
Endurance, goal setting, discipline, resilience, strategic planning, focus, time management, adaptability, self motivation or a little touch of madness? John Rees interviews Nathan Mollett to find out what characteristics he thinks he used in his recent endurance run in the Marathon de Sables that also help him in business.
Managing adversity - how to develop resilience at work
Join our expert panel session, where top minds in technology and change management discuss how to address inefficiencies in asset finance operations. Learn how to identify problems first, then choose the right technologies to solve them.
Gain insights on:
- Identifying critical inefficiencies
- Evaluating and selecting the right technology solutions
- Ensuring successful implementation and adoption
What are the arguments for and against commission disclosure. AFC invites participants from the AFC community to argue the case for and against in a formal debate.
- Please nominate yourself or a colleague to propose or second
- We require four speakers one to propose the motion; one to oppose it and two seconders.
- The audience will cross examine and make points
- Vote before and after.
Please note we may ask participants to argue the opposing view to the one they believe - this is an exercise to explore ideas.
Kindly sponsored by
