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We welcome the opportunity to comment on this latest consultation on revising parts of the handbook inherited from the old Financial Services Authority. We are focusing our response on the building-society specific questions.
The Prudential Regulation Authority prop...
The BSA’s 43 member building societies are all predominantly funded by the retail savings of individuals, as required by the Building Societies Act. This is modestly supplemented, particularly at larger societies, by prudent use of wholesale funding from appropriate markets. ...
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