Building Societies: Some Suggestions for Reform

Howard Jarman

The Service Industries Journal, 1998, vol. 18, issue 2, 161-176

Abstract: The author conducted two surveys of building societies and consumers. The former linked supervisory techniques to the objectives of regulation and used the regime method, a methodology possibly relevant for other regulated industries. Some suggested reforms were devised including one supervisory agency for banks and building societies, the retention of mutuality (leading to mutual banks), a simplification of the capital adequacy rules, a lender of last resort, a minimum cash requirement, a rise in the wholesale limit to 50 per cent, more spot checks and an increase in the level of investor protection.

Date: 1998
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DOI: 10.1080/02642069800000024

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The Service Industries Journal is currently edited by Eileen Bridges, Professor Domingo Ribeiro, Ronald Goldsmith, Barry Howcroft and Youjae Yi

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