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by the following authors: 'Andrea Jeffries'

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Our response to proposals on MRELs

Industry response,
Contact:
andrea jeffries,
Last updated:
11 March 2016

Summary The BSA supports the development of an effective regime for bank resolution.  We agree that failing deposit-takers need to be able to be resolved safely, without the taxpayer bailouts or massive calls on FSCS levy payers which were a feature of the banking crisis (a...

Our brief response to the consultation paper, Financial Services Compensation Scheme – Management Ex

Industry response,
Contact:
andrea jeffries,
Last updated:
16 February 2015

Comment We welcome the overall 7.4% reduction in the budgeted FSCS management expenses but continue to be frustrated by the lack of detail about this expenditure, and therefore lack of opportunity to comment on it.   An almost permanent feature of MELL budgets is th...

Our comments on Finance Bill 2015 – direct recovery of debts draft clauses

Industry response,
Contact:
andrea jeffries,
Last updated:
05 February 2015

Overview HMRC is currently able to take funds from a taxpayer’s bank account, but only with the permission of the courts.  HMRC proposed originally to remove such funds without the added costs of seeking court permission. Along with other stakeholders, we rejected s...

Our comments on HM Treasury's draft implementation documents for Help to Buy ISA

Industry response,
Contact:
andrea jeffries,
Last updated:
01 July 2015

We are pleased to offer comment on the draft target operating process and operational principles for Help to Buy ISA circulated on 22 June 2015.  Help to Buy ISA should prove a welcome tool to help young home buyers take their first step on the housing ladder.  The product sho...

Our response to the FCA’s consultation paper, Regulatory fees and levies: policy proposals for 2014/

Industry response,
Contact:
andrea jeffries,
Last updated:
03 January 2014

Our response to the FCA’s consultation paper, Regulatory fees and levies: policy proposals for 2014/15 , CP 13/14 Introduction The Building Societies Association (BSA) represents mutual lenders and deposit takers in the UK including all 45 UK building societies. Mut...

Our high level response to the EBA discussion paper on a draft methodology for assessment of liquidi

Industry response,
Contact:
andrea jeffries,
Last updated:
25 February 2014

Introduction The Building Societies Association represents mutual lenders and deposit takers in the UK including all 45 UK building societies. Building societies have total assets of nearly £330 billion and, together with their subsidiaries, hold residential mortgages o...

Our letter to HMT on its forthcoming review of the cash ratio deposit scheme

Industry response,
Contact:
andrea jeffries,
Last updated:
17 October 2012

Background 1. On 28 September, HMT wrote to the BSA and to eligible institutions outlining its intention to start the review. One of the issues the review will address is the impact of the scheme on participating institutions since 2007. We were asked to frame our comments...

Our letter to the US Internal Revenue on FATCA

Industry response,
Contact:
andrea jeffries,
Last updated:
19 August 2011

We lend our support to the BBA's most recent arguments that FATCA is unworkable in its present iteration. We also point out how inappropriate it is for the mutual sector. Like the BBA, we believe a better way forward is to find a long-term global solution. Our letter to J...

Our question to the EBA on the scope of FINREP

Industry response,
Contact:
andrea jeffries,
Last updated:
05 November 2013

Our question to the EBA on the scope of FINREP Topic : Supervisory reporting Legal act : Capital Requirements Regulation Legal reference : Article 99, paragraphs 2 - 4 Subject matter :  Scope of application of FINREP Our question concerns paragraph 4.  Does it empo...

Our reponse to EBA consultation on RTS for additional liquidity outflows

Industry response,
Contact:
andrea jeffries,
Last updated:
13 August 2013

Introduction The Building Societies Association represents mutual lenders and deposit takers in the UK including all 45 UK building societies. Mutual lenders and deposit takers have total assets of nearly £380 billion and, together with their subsidiaries, hold resident...

Our response to an EBA consultation on credit risk adjustments

Industry response,
Contact:
andrea jeffries,
Last updated:
01 October 2012

Introduction The Building Societies Association (BSA) represents mutual lenders and deposit takers in the UK including all 47 UK building societies. Mutual lenders and deposit takers have total assets of over £375 billion and, together with their subsidiaries, hold resi...

Our response to Basel Committee consultation on revisions to the standardised approach to credit ris

Industry response,
Contact:
andrea jeffries,
Last updated:
27 March 2015

Introduction The Building Societies Association of the United Kingdom (BSA) is pleased to respond to the Committee’s consultation on revisions to the standardised approach to credit risk. The BSA represents all 44 UK building societies. Building societies have total ass...

Our response to Basel Committee consultation on capital floors

Industry response,
Contact:
andrea jeffries,
Last updated:
27 March 2015

Introduction The Building Societies Association of the United Kingdom (BSA) is pleased to respond to the Committee’s consultation on the design of a framework of capital floors based on standardised approaches. The BSA represents all 44 UK building societies, of which o...

Our response to BoE discussion paper on macroprudential tools

Industry response,
Contact:
andrea jeffries,
Last updated:
08 February 2012

We recognise that the FPC needs its own policy instruments to be able to act to mitigate risks to financial stability. But limits on the terms and conditions of certain transactions, notably limits on loan-to-value and loan-to-income ratios, are undesirable because they do n...

Our response to EBA consultation on draft ITS on supervisory reporting on forbearance and non-perfor

Industry response,
Contact:
andrea jeffries,
Last updated:
24 June 2013

Introduction The Building Societies Association represents mutual lenders and deposit takers in the UK including all 46 UK building societies. Mutual lenders and deposit takers have total assets of over £375 billion and, together with their subsidiaries, hold residentia...