FSE London 2014 - David Geale, FCA

Financial Reporter caught up with a David Geale, Head of Investment Policy at the Financial Conduct Authority, at the recent Financial Services Expo London.

David notes that the FCA's work has anticipated the Mortgage Credit Directive, and says there should be no problems with MCD implementation if firms start work now as the FCA consultation process is underway and regulator aims to publish final rules a year ahead of the deadline. He also notes that the FCA are able to exercise flexibility in certain areas, citing the ESIS as one example.