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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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Summary BSA and UK Finance response to RICS Cladding consultation: Valuation of properties in multi-storey, multi occupancy residential buildings with cladding
The BSA welcomes to the opportunity to response to the FOS's annual consultation on its plans and budget. While we remain supportive of its stated strategic priorities, we also remain concerned at the continued path to a fundamental change in how the service is funded.
One concern is the proposed transaction fee under the senior managers regime. We believe the FCA should defer further discussion of this proposal until it provides more information and improves the applications process.
The BSA welcomes the opportunity to respond to this consultation on proposed further support for mortgage customers impacted by the coronavirus.
We welcome the PRA's move. But we also argue for a reduction in frequency for the production and review of the recovery plan for those firms eligible for simplified obligations, and for clarity on what "the degree of detail and analysis in a recovery plan should reflect the complexity and size of the firms" means.
BSA welcomes corrective prudential,action on new and fast-growing banks
Our written evidence to the House of Lords sub-committee on the draft Finance Bill 2020-2021.
BSA broadly supports PRA proposals but challenges PRA to be more ambitious in cutting compliance burdens
We support proposals set out in the consultation paper to strengthen operational resilience, but we ask for further clarification and guidance on some specific areas.