Industry participants to gather at London Credit Summit on March 13

Wonga.com_company_logoIndustry participants from major U.K. creditors, including Wonga, HSBC and British Gas, as well as British regulatory agencies, will gather in London next month for the Credit Summit.

A key issue of debate at the conference will relate to the regulatory transition from the Office of Fair Trading to the Financial Conduct Authority, which will receive new powers under The Financial Services Act, Credit Today reports.

Speakers at the summit will include Will Amos, the head of consumer credit at the FSA, Robert Skinner, the chief executive of the Lending Standards Board, HSBC and Paul Jenkins, the chief executive of Westcot Credit Services, a debt collection agency.

The summit will cover four different areas, including alternative lending, credit and collections, trade credit, and data risk and fraud, according to Credit Today.

The Alternative Lending conference will include a debate related to the OFT’s payday lending report, which is expected to be published at the end of the month. Gordon Ramsay, the deputy director of investigation and enforcement in the OFT’s consumer credit division, will speak with John Lamidey, a U.K. regulatory and public affairs consultant at eNova International, Credit Today reports.

Russell Hamblin-Boone, the CEO of the Consumer Finance Association, and Wonga for Business will deliver a presentation in the trade body discussion, while Max Griffiths, the head of credit risk and consumer operations at British Gas, will provide insight on data management.

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