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The banks have not become more transparent about factors influencing mortgage margins, and there is still a need to strengthen consumer protection on the financial advice market. These are two of the most important conclusions drawn by Finansinspektionen (FI) from its work during the year. They are being presented today at FI’s annual Supervision Day.
Supervision Day will be broadcast via Web TV.
After having reported on the banks’ interest rates and margins for a year, FI has noted that the banks have not become better at explaining how they set their mortgage rates. The banks’ margins on mortgages have increased during the past year and FI can state that customers have not fully benefited from the banks’ low costs for mortgages.
FI has been promoting a ban on commissions for a long time and is presenting a final proposal today that recommends the introduction of a ban on commissions paid directly in conjunction with the signing of agreements for the provision of financial products and insurance policies. The aim of this ban is to prevent transaction-based advice that over time weakens the customer’s capital. The proposal has now been submitted to the Government.
Supervision Day will be held at Nalen (Regeringsgatan 74) 9:00 a.m.-11:30 a.m.
Director General Martin Andersson will be available for questions from the media 10:00 a.m.-10:30 a.m.
