Supervising building societies' treasury and lending activities: Update
This supervisory statement (SS) sets out the Prudential Regulation Authority’s (PRA’s) expectations in respect of building societies’ compliance with the requirements of the Building Societies Act 1986 (the 1986 Act), the Financial Services and Markets Act 2000 (FSMA), the PRA Rulebook and SS24/15. This SS is applicable to all building societies. The purpose of this SS is to set out the PRA’s approach to its supervision of building societies’ lending and treasury activities. The SS aims to build on the principle that the risk appetites of building societies should be properly aligned to their risk capacity, in order to promote the safety and soundness of building societies as deposit-taking institutionshttp://www.bankofengland.co.uk/pra/Documents/publications/ss/2017/ss2015update.pdf
Category: Banking » Building societies. Area(s) of law: Banking.
Source: Prudential Regulation Authority.