The Building Society Industry Today
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.
Overview
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:
What is the role of building societies today?
Identify the legislative framework today
What does the building society market look like today?
Summary
Expert
Sir Mark Boleat
Sir Mark Boleat has held a wide range of board level appointments in the UK and Jersey. He is currently the Chairman of LINK, Eldon Insurance Services and the Governors of the City of London Academy Highbury Grove. Sir Mark is also Vice Chairman of the Advisory Board of the International Business and Diplomatic Exchange.
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