BSA comments on the Banking Standards Review consultation
Commenting, Robin Fieth, Chief Executive of the Building Societies Association said:
"We welcome the publication of this consultation paper from Sir Richard Lambert and his team."
"Standards in the banking sector are clearly of huge importance and interest to the UK public after the headlines of the past few years. We will be responding and hope that the consultation will attract views from a wide range of financial service providers and users."
Notes for Editors
The Building Societies Association (BSA) represents mutual lenders and deposit takers in the UK including all 45 UK building societies. Building societies have total assets of nearly £330 billion and, together with their subsidiaries, hold residential mortgages of over £230 billion, 18% of the total outstanding in the UK. They hold over £230 billion of retail deposits, accounting for 19% of all such deposits in the UK. Building societies account for about 28% of all cash ISA balances. They employ approximately 39,000 full and part-time staff and operate through approximately 1,600 branches.
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