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by the following authors: 'Andrea Jeffries'

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Our response to EBA consultation on harmonised reporting (CP 50)

Industry response,
Contact:
andrea jeffries,
Last updated:
20 March 2012

An overwhelming concern with the draft technical standards is the timing. Radically new reporting requirements, as COREP and FINREP templates are, require systems alterations and testing, both of which usually take a minimum of 12 months. Our larger members tend to be th...

Our response to EBA consultation on liquidity coverage and stable funding ratios

Industry response,
Contact:
andrea jeffries,
Last updated:
28 August 2012

Summary We support efforts to introduce global standards of liquidity for deposit takers and appreciate the need of regulators for accurate, comparable, relevant and timely information to enable them to supervise and monitor risks. Like our members, we are keen to e...

Our response to EBA consultation on reporting of leverage ratio

Industry response,
Contact:
andrea jeffries,
Last updated:
28 August 2012

Summary We support efforts to introduce global standards of leverage for deposit takers and appreciate the need of regulators for accurate, comparable, relevant and timely information to enable them to supervise and monitor risks. Like our members, we are keen to en...

Our response to EBA consultation on the content of recovery plans

Industry response,
Contact:
andrea jeffries,
Last updated:
11 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 residenti...

Our response to EBA consultation on the minimum requirement for own funds and eligible liabilities,

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

Introduction The Building Societies Association is pleased to respond briefly to the EBA’s consultation. The BSA represents all 44 UK building societies. Building societies have total assets of over £330 billion and, together with their subsidiaries, hold residential mo...

Our response to EBA discussion paper on draft standards on prudent valuation

Industry response,
Contact:
andrea jeffries,
Last updated:
07 January 2013

Background The Building Societies Association 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 residential ...

Our response to EBA's consultation on LE reporting (CP 51)

Industry response,
Contact:
andrea jeffries,
Last updated:
26 March 2012

Our brief high level response argues for a later go-live date and a higher level for reporting exposures. Our response to EBA consultation on reporting LEs (CP 51)

Our response to EC consultation on additional taxes for the financial sector

Industry response,
Contact:
andrea jeffries,
Last updated:
18 April 2011

The European Commission launched a consultation on a proposed EU taxation measure, which includes a financial transactions and/ or activities tax. We argue against such a tax explaining it could hit the mutual sector - already reeling from having to bail out failed banks - di...

Our response to FCA fees paper, “FCA regulated fees and levies: rates proposals 2013/14, CP 13/1

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

Our response to FCA fees paper, “FCA regulated fees and levies: rates proposals 2013/14, CP 13/1 Background The Building Societies Association represents mutual lenders and deposit takers in the UK including all 46 UK building societies.  Mutual lenders and deposit t...

Our response to FRED 51 - Draft amendments to FRS 102, Hedge Accounting

Industry response,
Contact:
andrea jeffries,
Last updated:
14 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 response to FSA guidance consultation on liquidity swaps

Industry response,
Contact:
andrea jeffries,
Last updated:
02 November 2012

Summary The FSA wishes to control what it calls "liquidity swaps" and has therefore published guidance. These swaps refer to transactions which effect a liquidity transformation between an insurer and a bank by typically exchanging high credit quality, liquid assets suc...

Our response to FSA quarterly consultation paper no 31, CP 11/27 - chapter 2

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

Click below to read our short response on three proposals to make very minor changes to the liquidity regime (chapter 2 of the QCP). We agreed to them all. Our response to QCP no 31, CP 11.27 (chapter 2) FSA quarterly consultation paper no 31, CP 27/11 (see chapter 2)

Our response to guidance consultation on pension obligation risk and the ICAAP

Industry response,
Contact:
andrea jeffries,
Last updated:
21 March 2011

Summary The FSA wants to give further information on how it expects firms to evaluate their pension obligation risk and how it assesses this in firms’ ICAAP submissions. This information is additional to the guidance on Pillar 2 pension obligation risk calculations it rece...

Our response to guidance consultation on updated code of practice between the external auditor and t

Industry response,
Contact:
andrea jeffries,
Last updated:
16 April 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 residenti...

Our response to HMRC consultation on implementation of UK/ US FATCA agreement

Industry response,
Contact:
andrea jeffries,
Last updated:
09 January 2013

We should like to take this opportunity to thank HMRC for its help in ensuring that the administrative burden for domestic mutual deposit takers is kept as low as possible. We welcome the way in which officials have been willing to engage with the sector, listen to our con...