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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Regulatory reporting

We are disappointed that the “inconsistencies” between the templates in the policy statement and the XBRL taxonomy were not discovered at the time of publication.

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Our response to FRED 67

We welcome any effort to improve, clarify and simplify accounting regulation.

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FCA regulated fees and levies 2017/ 2018

We welcome the falls in some of the proposed fee rates.  But we note with some disappointment the general increase in the regulator's costs.

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Our response to consultation on the third PPF levy triennium – 2018/19 to 2020/21

An industry scorecard for the regulated financial services sector is a good start but we have some concerns about its applicability to a typical building society.   There are also question marks over the scorecards for entities with a credit rating.

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PRA regulatory fees and levies rates proposals 2017/ 2018

We express concern at the implicit assumption that real costs always have to rise. 

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BSA response to 2017 Housing White Paper

BSA response to the Government's 2017 Housing White Paper, Fixing the Broken Housing Market.

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Joint response to technical HMRC consultation on extending ISA tax advantages after death

Earliest possible start date is April 2018 ie the start of the tax year.

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IFRS 9: changes to reporting requirements

We argue for a delay in implementation and reduced frequency.

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