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UK and EU financial services round-up: FCA credit-file vulnerability study; EBA plans simpler supervisory reporting and SEPA data harmonisation; other developments (10 April 2026)

Published on: 10 April 2026

Published by a LexisNexis Financial Services expert

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Article summary

Financial services developments FCA study uses credit file information to gain vulnerability insights

The Financial Conduct Authority (FCA) has released a blog explaining how it is harnessing credit file data alongside innovative analytics to follow consumer journeys and identify financial hardship more precisely. Drawing on records from a major credit reference agency (CRA), the work applies advanced statistical techniques to reveal fresh insights into which borrowers are prone to distress on their credit products, and when this is most likely to occur. The FCA’s objective is to build a market-wide perspective linked to its rules aimed at strengthening safeguards for customers facing repayment difficulties. The methodology monitors people’s movement between stages of financial stability, rising pressure, and acute distress. By detecting recurring patterns in credit trajectories at an early point, the FCA says it can prioritise cohorts of consumers and the firms serving them where signs of strain are emerging. More detailed findings are available in the Technical Annex...

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