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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Child Trust Funds - minor changes

We propose that by removing the requirement to provide the child’s address on the CTF annual statement, the safeguarding risk that could arise from it would be eliminated.  Implementing system changes and process controls mitigates the risk but does not eliminate it completely. 

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Response to Private Shared Ownership consultation

BSA response to the Ministry's of Housing's call for proposals on private shared ownership.

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Fair Pricing in Financial Services

The BSA has submitted comments on the FCA's Discussion Paper 18/9 "Fair Pricing in Financial Services", which sets out a framework for assessing the fairness of price discrimination practices.

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BSA response to HM Treasury breathing space scheme: consultation on a policy proposal.

These proposals present significant complexities to mortgage lenders and would mean significant disruption to existing systems and processes which work well for the benefit of customers.

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Financial Ombudsman Service: strategic plans and budget for 2019-2020

The BSA is pleased to respond to the consultation by the Financial Ombudsman Service on its strategic plans and budget for 2019/2020

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Response to HCLG Committee inquiry into Modern Methods of Construction (MMC)

BSA response to the Housing, Communities and Local Government Committee's inquiry into Modern Methods of Construction. 

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BEIS Committee Energy Efficiency Inquiry

The BSA argues that the Government's targets for energy efficiency will be challenging but possible with a clear timetable. Any support packages for homeowners should be informed by learning from the failure of the Green Deal.

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PRA CP23/18 Enhancing banks' and insurers' approaches to managing the financial risks from climate change

The BSA welcomes the PRA's focus on climate change but argue that data on losses emanating from climate change in the mortgage book is required before firms can build models and carry out stress-testing and scenario analysis. 

 

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BSA response to Law Commission consultation; Leasehold home ownership: buying your freehold or extending your lease.

The BSA welcome the Law Commission’s proposals which support governments recent work to simplify and make the leasehold process more fair for leaseholders.  The paper looks at simplifying the enfranchisement process.

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Consumers' Access to Financial Services

BSA response to the Treasury Select Committee Inquiry

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