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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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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CLG Select Committee on Housing for Older People

The BSA responded to the CLG Select Committee, highlighting our work on lending into retirement and desire to work with develops to increase the supply of suitable housing for older people.

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IFRS 9: changes to reporting requirements

We argue for a delay in implementation and reduced frequency.

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BSA response to Green Paper on Corporate Governance Reform

The BSA response, which highlights points of differentiation between our sector and PLCs and stresses the extent to which societies are already embracing high standards of corporate governance.

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Management expenses levy limit for the FSCS, 2017/ 18

We argue for more detail on IT spend.

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