The Financial Conduct Authority has published its latest set of Sector Views providing an overall picture of how each sector is performing based on data and views collated in 2018.
When compiling these views, the FCA considers a wide range of factors that are driving change across the financial system and brings collective intelligence together focussing on:
- how technology is driving change in financial services
- societal changes and their impact on the financial needs of different generations
- the potential impact of Brexit
- the macroeconomic environment
The Sector Views cover all markets regulated by the FCA and are grouped into 7 sectors, including retail lending which looks at motor finance.
According to the FCA, there were 4 million motor finance products outstanding in the market in July 2017, up 1.7% on the previous year.
