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The voice of building societies
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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Order introducing senior non-preferred debt for MREL purposes. BSA supports the SI's approach.
The BSA's response to FCA CP 18/19
We point out the lack of independent oversight and lack of appeal for taxpayers. We also question the timing and process of the proposals.
The BSA response to the FCA guidance consultation
We endorse the FCA’s underlying objectives for the CMC industry to be well regulated and properly focused on the fair treatment of customers. We believe that, despite significant resource constraints, the Ministry of Justice has been a good regulator, but the time is right for the FCA to assume the role.
The BSA response to the FCA Consultation