Summary
THE City watchdog yesterday said that it plans a crackdown on building societies branching into riskier business.
The Financial Services Authority (FSA) wants to ensure mutuals moving away from their more traditional conservative business models have the proper controls in place and has launched a consultation on new guidance for the sector.See the full content of this document
Extract
Societies welcome FSA risk debate
Some - such as the Dunfermline - have run into trouble in the financial crisi...
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