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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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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
The BSA response to the Department of Business, Energy and Industry Strategy.
The BSA responded briefly to PRA's CP 6/18 on this subject.
BSA submits response to Commission's brief exploratory consultation, and argues strongly for greater proportionality.
The BSA responds to the FCA consultation
We argue the pool of contributors should be widened beyond deposit takers.
It is clear from the original BBSI proposals, the revised versions, and from follow-up meetings with officials that the MTD plans are vague and aspirational with little consideration of the practical aspects of their implementation. Some changes are scheduled for the 2018/ 19 return which gives financial institutions (and HMRC) no time to prepare.
The BSA's response to the FCA's consultation.