Industry responses

As well as proactively campaigning, the BSA frequently comments on consultative papers issued by the Financial Conduct Authority and Prudential Regulation Authority, and by Government departments such as the Treasury or the Department for Business, Innovation and Skills. 

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FCA Mission consultation

This BSA paper responds to the FCA's consultation, Our Future Mission.

  • Date: 23 January 2017
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Strengthening accountability in banking - PRA CP 34/16

The BSA supports the PRA's proposals regarding the duty of responsibility and the application of the conduct rules to notified/standard NEDs, which are consistent with earlier representations made by the BSA.

  • Date: 03 January 2017
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Strengthening accountability in banking - FCA DP 16/4

This paper responds to FCA Discussion Paper 16/4 (the DP).

  • Date: 03 January 2017
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Strengthening accountability in banking - FCA CP 16/26

This response supports the proposals in, and comments on, FCA 16/26, which consults on guidance on how the FCA will enforce the 'duty of responsibility', which is now in force under the Bank of England and Financial Services Act 2016.

  • Date: 03 January 2017
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Strengthening accountability in banking - FCA CP 16/27

This BSA response supports the proposal in FCA CP16/27 that 'standard' - sometimes called 'notified' - non-executive directors (NEDs) should be subject to the regulator's individual conduct rules and to rule 4 of the senior conduct rules

  • Date: 03 January 2017
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Our response to the FRC consultation on the triennial review of UK and Ireland accounting standards

We argue for a later implementation date and the development of a more proportionate approach to expected credit loss provisioning.

  • Date: 22 December 2016
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Our response to a technical consultation on the Apprenticeship levy

More detail needed on how regulations will work in practice.

  • Date: 09 November 2016
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BSA Autumn Statement submission

The BSA submission ahead of the Autumn Statement

  • Date: 09 November 2016
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Our response to the FRC's invitation to comment on the future development of FRS 102

Knowing that changes to the standard will be carried out only within a triennial review brings certainty to our sector.  Building societies can plan with the assurance that FRS 102 is constant, and not subject to regular change.

  • Date: 28 October 2016
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Changes to the Pension Protection Levy for 2017/18

We urge the PPF to amend its rules on the mortgage age variable for this triennium.  Its rigid reliance on Companies House data disadvantages mutuals and other non-corporates.

  • Date: 28 October 2016
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