Building Societies

The Government White Paper - Banking Reform: delivering stability and supporting a sustainable economy, published on 14 June 2012, set out the Government’s detailed proposals for implementing the recommendations of the Independent Commission on Banking, to fundamentally reform the structure of banking in the UK...

A new report from KPMG predicts that building societies are entering a renewed period of potential growth and success which could lead to them fulfilling a new regional banking role by the end of the decade. KPMG’s annual Building Societies Database, which analyses the performance of the UK’s 47 building societies as at April 2012, highlights that the sector has remained resilient despite difficult market conditions, with 23 societies increasing their profit for the year...

BSA support the Scottish Government’s vision for all people in Scotland to live in high-quality, sustainable housing...

Commenting on Martin Wheatley's speech on sales staff incentives, BSA Director-General, Adrian Coles said...

FSA have carried out a review conducted across a variety of authorised firms - including banks, building societies, insurance companies and investment firms...

The Payments Council welcomes the announcement made by Ulster Bank confirming arrangements for customers of Northern Irish financial institutions who have been affected by the recent technical issues at RBS Group...

Members of Parliament are due to return to Westminster next week after the Summer Recess. The Recess allows MPs to spend an extended time in their constituencies and to catch up on casework and, of course, a chance for a break before the rest of the current Parliamentary Session begins in earnest...

In just three months, consumer views of the service they receive from banks and building societies have swung markedly in favour of building societies and other mutual lenders and deposit takers...

Building societies and other mutuals are owned by their customers, or members. Their purpose therefore to serve their members’ saving and borrowing needs, not those of external shareholders...

BSA response to the EBA consultation paper on draft implementing technical standards on supervisory reporting requirements for leverage ratio...

This list of building societies is intended to be used solely as a guide. The FSA does not warrant, nor accept any responsibility for the accuracy or completeness of the list or for any loss which may arise from reliance by any person on information in the list...

The Building Societies Association responds to HM Treasury's consultation on the Future of Building Societies...

Building societies and other mutuals are owned by their customers, or members. Their purpose therefore to serve their members’ saving and borrowing needs, not those of external shareholders...

Independent research by the BSA shows that trust in building societies is solid amongst the UK public in the face of the current, almost daily, diet of unfolding bank scandals...

Commenting on the launch by the Bank of England and HM Treasury of the Funding for Lending Scheme, Adrian Coles, Director-General, said: "Building societies and other mutual lenders are currently very active in the mortgage market so we have been looking forward to seeing the details of the Funding for Lending Scheme..."

The Bank of England and HM Treasury are announcing the launch of the Funding for Lending Scheme...

The document sets out the Government’s aim to maintain the distinctiveness of the sector while creating a level playing field and removing unnecessary barriers to growth...

Confidence amongst homebuyers in the UK is being directly affected by the turmoil in the Eurozone...

Commenting on the ongoing turmoil amongst plc banks, Adrian Coles Director-General of the BSA said: "The BSA welcomes the review to get to the bottom of the rate fixing scandal that is so badly affecting the reputation of the banks..."

Analysis of 2011 annual results shows that building societies saw a slight increase in retained surplus, or profits, overall compared to the previous year, showing that the sector continues to perform well in a challenging economic environment...

Gross mortgage lending by building societies and other mutual lenders rose 23% in April 2012 compared to the same month last year. In the first four months of 2012 lending rose 36% compared to the same period in 2011. Net lending by mutuals was positive for a seventh consecutive month...

Martin Wheatley, managing director of the FSA and CEO designate of the FCA, stressed that building societies must continue to be committed to their members, and that the regulator would treat everyone the same, big or small, bank or building society...

Consumers will face increasing challenges as the fall-out from the financial crisis and economic pressures continue, warns out-going BSA Chairman, Peter Griffiths...

This sectoral guidance has been updated in April 2012. It refers primarily to business undertaken within the UK...