40 years: Executive leadership & banking
In the previous video of the series, Sir Mark Boleat covered the history of the building societies. In this video, he covers the legislative framework and the structure of the industry.
In the previous video of the series, Sir Mark Boleat covered the history of the building societies. In this video, he covers the legislative framework and the structure of the industry.
14 mins 36 secs
The role of building societies today has changed dramatically - they are in effect specialist savings banks. Similarly, the BSA has slimmed down and is a great deal less influential than UK Finance. The 1986 Building Societies Act still remains as the legislation governing securities today.
Key learning objectives:
Identify the legislative framework today
Understand the role of building societies today
Understand what the building society market looks like today
11:30
12:09