The BSA has always supported fair, effective and proportionate regulation - and, as circumstances change, the detail of the framework needs periodic review. We support the sensible design principles for the Review, and  call for parity of treatment for mutuals, and better proportionality based on "think small first". We also call for modest legislative updating, for both building societies and credit unions, to be included in the forthcoming Financial Services Bill mentioned in the Queen's Speech.

Read the full response here.