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by the following authors: 'Jeremy Palmer'

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The 'Basel 4' reviews – storm in teacup or end of the world?

Newsbite,
Contact:
jeremy palmer,
Last updated:
29 September 2016

Every now and again you will read some press comment about bad things expected to result from the current set of “Basel reviews”. A good example – a real corker – was this from early 2015: “Secretive bank watchdog could slam door on first-time buyers” and referenced a “secreti...

Proportionality in banking regulation : is the German proposal for a “small banking box” the answer we have all been looking for? An idea whose time has come? The thought-leader on this subject, Dr Andreas Dombret, an executive director of the Bundesbank, has spoken public...

Readers of this blog will recall that we drew attention last September to an excellent speech by the thought- leader on this subject, Dr Andreas Dombret, an Executive Director at Germany's central bank, which was very much in line with the BSA's own thinking. Now we can welc...

“Simpler, not weaker” - why the PRA is on the right track... with or without robots!

Blog,
Contact:
jeremy palmer,
Last updated:
31 October 2019

The BSA's Jeremy Palmer welcomes some profound and insightful observations contained in Sam Woods’ speech – “Credit union meets robot”   given on 24 October at the Mansion House. Sam spoke about the interesting work that PRA has done, using Artificial Intelligence, to int...

Strong and simple - what's not to like?

Blog,
Contact:
jeremy palmer,
Last updated:
26 November 2020

On 12 November, in his (virtual) speech at the Mansion House, Sam Woods, chief executive of the PRA, set out “the intention of the Prudential Regulation Authority to implement a ‘strong and simple’ regime for regulating small UK banks and building societies”. The BSA is i...

Credit unions

Page,
Contact:
jeremy palmer,
Last updated:
15 August 2019

This page is designed as a landing page for staff and directors of BSA member credit unions to help access BSA and relevant external resources via signposting and links. Using the BSA website Remember that the website has public and members-only areas, and you need to be ...

Bail-in : Response to HMT consultation May 2014

Industry response,
Contact:
jeremy palmer,
Last updated:
28 January 2016

See our response to this consultation here .

Bank of England Bill

Industry response,
Contact:
jeremy palmer,
Last updated:
14 September 2015

The BSA welcomes the Government’s commitment to achieving strong, sustainable and balanced growth that is more evenly shared across the country and between industries. BSA members all have their main operational headquarters away from the City of London, and are a significant ...

Basel review of IRB approaches for credit risk

Industry response,
Contact:
jeremy palmer,
Last updated:
23 June 2016

The BSA has responded briefly to the BCBS CP on reducing variation in credit risk- weighted assets by constraining the use of internal model approaches. We strongly support the preliminary input and comprehensive response from the EACB. We caution that the BCBS' proposals have...

Building Societies' Specialist Sourcebook

Industry response,
Contact:
jeremy palmer,
Last updated:
04 July 2016

The BSA welcomed the opportunity to respond to PRA’s CP 12/16, revising Supervisory Statement SS 20/15, which is the document corresponding to the former Building Societies’ Specialist Sourcebook, and appreciates the early engagement BSA members have had with the relevant P...

Ensuring operational continuity in resolution - PRA DP 1/14

Industry response,
Contact:
jeremy palmer,
Last updated:
06 January 2015

The Building Societies Association (BSA) welcomes the opportunity to respond, briefly, to DP 1/14. Our comments mainly address the DP’s Question 1, on scope, and are provided from the perspective of BSA members, who will generally be external users of critical shared payme...

FSA consultation paper, “Regulated fees and levies: Rates proposals 2012/13”, CP 12/3

Industry response,
Contact:
jeremy palmer,
Last updated:
23 January 2013

Introduction 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 residentia...

Impact of CRD 4 on financing the economy

Industry response,
Contact:
jeremy palmer,
Last updated:
08 October 2015

We welcome this initiative from Commissioner Hill and his team at the new DG FISMA, going beyond the narrow remit in CRD 4, asking the right questions, setting the right tone of enquiry and openness, not imprisoned by past decisions. We particularly welcome the material on pro...

Increasing mortgage risk weights under CRR Article 124

Industry response,
Contact:
jeremy palmer,
Last updated:
08 October 2015

The BSA is pleased to contribute to the EBA’s consultation  : as all our members are specialised residential mortgage lenders, the majority using the standardised approach, this matter is of great importance to us. For that reason, we concentrate in this response on  RWs for l...

Indirect Clearing under EMIR

Industry response,
Contact:
jeremy palmer,
Last updated:
17 December 2015

The BSA has responded to ESMA's consultation on indirect clearing primarily from the perspective of smaller building societies who already experience difficulty in securing cost-effective clearing services for OTC derivatives. We repeat our call for both short-term and longer-...