Regulation chief says stricter rules could be imposed as price war threatens stability
The Bank of England has raised a red flag over the state of the mortgage market, warning lenders that stricter rules could be imposed if they take on too much risk.
The head of the Bank’s Prudential Regulation Authority, which is responsible for stability in the financial sector, said it was “entirely unsurprising” that competition across the mortgage market had forced lenders to take on riskier clients.
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