Latest Blog

Guest blog: Building societies and the importance of hedge accounting

Hedge accounting is an important part of building societies’ operations.  It comes into play when dealing with financial instruments.  In short, it uses investments to minimise potential losses by taking an offsetting position in a related derivative whose value changes inversely with respect to the original investment.  The aim is not to make money but to gain protection from different risks such as interest rate risk or foreign exchange risk.

In this blog BSA associate member, ALMIS International, discusses some of the considerations which can arise when the derivative in question is cancelled. (Read more)

News

Consumer confidence in house purchase deteriorates

Short-term uncertainty from the General Election result has caused a deterioration of consumer confidence in the housing market, according to a report from the Building Societies Association out today.

Statistics from consumer survey Property Tracker published by the BSA, show just 21% of consumers saying that now is a good time to buy, down from 29% in March this year.  Nearly a third of consumers (30%) disagree that now is a good time to buy a home, the highest figure since December 2008 (37%) and up from 24% in March.  (Read more)

Tweets by the BSA

Sector Statistics

Mortgage lending and savings statistics for the building society sector are now available.

Monthly data for Q1 2017 can be downloaded. Please click here for more information.

Events

We organise educational and networking events for building societies.  Many of our events are open to other financial service providers.

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