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Our response to Basel Committee consultation on revisions to the standardised approach to credit ris

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

Introduction The Building Societies Association of the United Kingdom (BSA) is pleased to respond to the Committee’s consultation on revisions to the standardised approach to credit risk. The BSA represents all 44 UK building societies. Building societies have total ass...

Our response to Basel Committee consultation on capital floors

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

Introduction The Building Societies Association of the United Kingdom (BSA) is pleased to respond to the Committee’s consultation on the design of a framework of capital floors based on standardised approaches. The BSA represents all 44 UK building societies, of which o...

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 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 PRA consultation on credit risk: IRB approaches, CP 4/13

Industry response,
Contact:
andrea jeffries,
Last updated:
29 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 Prudential Regulation Authority's occasional consultation paper, CP 8/13

Industry response,
Contact:
andrea jeffries,
Last updated:
04 November 2013

Background The Building Societies Association is pleased to comment on the PRA’s proposals in CP 8/13. We represent 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 bil...

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 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 ...

Strengthening capital standards: implementing CRD/ CRR, PRA CP 5/13

Industry response,
Contact:
andrea jeffries,
Last updated:
02 October 2013

Much of the content of CP 5/13 is sensible and welcome – we give several examples in our full response. But some of the policy choices proposed by PRA are unwelcome and, in our view, unjustified – and in certain instances renege on clear commitments given by the FSA in Oct...

The New Capital Adequacy Directive, CAD 3: The transposition of the new Basel Accord into EU legisla

Industry response,
Contact:
the bsa team,
Last updated:
18 February 2013

Response by The Building Societies Association to the HM Treasury Consultation Document Introduction 1.   This paper sets out the brief comments of The Building Societies Association on the HM Treasury consultation document The new Capital Adequacy Directive, CAD 3:...

An introduction to treasury management

Event,
Contact:
christie sharp,
Last updated:
03 May 2019

The objective of this course is to introduce participants to treasury management. It provides an overview of treasury operations within financial services, more specifically within building societies and within the regulatory environment. Following this there is an in-depth ...

Treasury risk management

Event,
Contact:
christie sharp,
Last updated:
03 May 2019

The objective of this course is to provide participants with an overview of the financial and balance sheet risks a building society faces as a consequence of being a mortgage lender and how these risks are managed by the treasury function. We will consider key risks such a...

Pillar 2A capital requirements and disclosure

Industry response,
Contact:
jeremy palmer,
Last updated:
09 October 2017

We welcome the opportunity to respond briefly to PRA’s CP 12/17. We are content with the move from ICG to a formal P2A requirement set under section 55 of FSMA. The approach to solo Pillar 2A requirements looks reasonable. But we think PRA has not adequately made the case for...

Liquidity, funding and ALM update

Event,
Contact:
christie sharp,
Last updated:
14 May 2019

The BSA, in conjunction with ALMIS International, brings you this full-day seminar covering a range of current and relevant topics across liquidity, treasury and asset/liability management for building societies and smaller banks. The event is designed for staff in building...