Search results

Enter keywords and additional filters as required

by the following authors: 'Andrea Jeffries'

Public results are displayed below. Members may login to view all search results.

Our response to the European Banking Authority’s consultation on draft implementing technical standa

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 the FCA/ PRA consultation, “Financial Services Compensation Scheme – management expe

Industry response,
Contact:
andrea jeffries,
Last updated:
18 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 the FRC consultation on the triennial review of UK and Ireland accounting standards

Industry response,
Contact:
andrea jeffries,
Last updated:
22 December 2016

We welcome the proportionate and pragmatic approach proposed by the FRC towards incorporating international financial reporting standards into FRS 102.   In particular, we support the decision to delay implementation of more significant changes to the standard to allow UK GAAP...

Our response to the FRC's invitation to comment on the future development of FRS 102

Industry response,
Contact:
andrea jeffries,
Last updated:
28 October 2016

Building societies are grateful to the Financial Reporting Council for allowing them to stay with an accounting framework that is based on a single simplified standard.  They acknowledge that this new accounting framework is helping to bring consistency in accounting treatment...

Our response to the FSA consultation on recovery and resolution plans

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

Generally speaking, we agree that the UK Authorities need to have detailed knowledge and understanding of a deposit-taker’s business to exercise the Special Resolution Regime tools and enable the orderly resolution of a failed firm without relying on taxpayer support. The ...

Our response to the FSA's annual consultation on changes to its regulatory fees and levies

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

We make a short response on points of interest to BSA members. We argue that the proposed annual income measures for fee blocks A.12, A.13 and A.14 from 2013/14 needs further work; it certainly is not as transparent or straightforward as the current metric, numbers of appr...

Our response to the FSA’s consultation, Financial Services Compensation Scheme – management expenses

Industry response,
Contact:
andrea jeffries,
Last updated:
21 February 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 residential m...

Our response to the FSA's consultation on policy changes to fees and levies 2013/ 2014

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

We make the point that without actual numbers it is hard to comment on the proposed policies. We also suggest that mutuals should have their own fee block and that the funding of the Money Advice Service should be reviewed. Click below to read the response in full: Our r...

Our response to the FSA's consultation on removing the simplified ILAS firm scalar increase

Industry response,
Contact:
andrea jeffries,
Last updated:
04 December 2012

We welcome the proposal to bring simplified ILAS firms in line with standard ILAS firms by requiring them to hold a liquid assets buffer of not less than 50% of the simplified buffer requirement. This means an end to the automatic increases to 100% by 2016 as set out in the t...

Our response to the FSA's fees consultation CP 10/05

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

Our response to the FSA's fees consultation This consultation includes a summary business plan for the FSA as well as providing feedback on the strategic review proposals in CP 09/26 on the fees and levy rates it intends to raise in 2010/11. FSA's fees CP 10/05 C...

Our response to the FSA's QCP no 29, CP11/11, specifically chapter 4 - liquidity and chapter 9 - gen

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

Introduction 1. The Building Societies Association represents mutual lenders and deposit takers in the UK including all 48 UK building societies. Mutual lenders and deposit takers have total assets of over £365 billion and, together with their subsidiaries, hold residen...

Our response to the FSA's quarterly consultation paper no 34 (CP 12/ 27) - chapter 4, related partie

Industry response,
Contact:
andrea jeffries,
Last updated:
04 December 2012

We agree that exposures to related parties must be effectively monitored; that appropriate steps should be taken to control or mitigate the risks; and that write-offs of such exposures should be made according to standard policies and processes. We therefore support the pr...

Our response to the HMRC consultation on implementing the common reporting standards

Industry response,
Contact:
andrea jeffries,
Last updated:
21 October 2014

Executive summary We support all efforts to counter global tax evasion and are pleased to see the issue high on the UK government agenda.  We believe that citizens, wherever they live, should pay their fair share of tax.  The same applies to entities.  But we are concer...

Our response to the HMRC consultation on the deduction of income tax from savings income

Industry response,
Contact:
andrea jeffries,
Last updated:
18 September 2015

Executive summary We strongly believe that all non-TDSI interest – to individuals and to non-individuals - should be paid gross, without deduction of income tax at source.  It is the most straightforward and least costly solution for savers and financial institutions. ...

Our response to the joint consultation, Strengthening accountability in banking: forms, consequentia

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

Introduction This consultation sets out the consequential changes, transitional arrangements and forms following the first consultation in July 2014.  We note the proposals in this consultation may be subject to change (as happened on 23 February 2014).  This uncertaint...