FinCoNet Publishes Guidance on Sales Incentives and Responsible Lending

Today, FinCoNet, the International Financial Consumer Protection Organisation, published Guidance to Supervisors on the setting of Standards in the field of Sales Incentives and Responsible Lending.

The Guidance provides a practical framework for Supervisors to set standards on sales incentives and covers all sales channels and internal controls, as well as sales promotions to consumers.

FinCoNet’s press release is available here.

Further information on FinCoNet is available here.

Notes to editors:
The International Financial Consumer Protection Organisation (known as FinCoNet) was formally established under French law as a non-profit organisation in 2013.

FinCoNet currently compromises 20 Members, 1 Associate and 6 Observers from all four corners of the world. Members of FinCoNet are public entities that have a financial market conduct and financial consumer protection supervision mandate.