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Our response to the consultation, The PRA Rulebook: Part 2 – CP 25/ 14

Industry response,
Contact:
andrea jeffries,
Last updated:
23 January 2015

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...

Asset Encumbrance

Industry response,
Contact:
jeremy palmer,
Last updated:
23 January 2020

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. ...