The New Markets Open to Building Societies

Leigh Drake
Additional contact information
Leigh Drake: Loughborough University of Technology

Chapter 10 in The Building Society Industry in Transition, 1989, pp 284-313 from Palgrave Macmillan

Abstract: Abstract It has been stressed in the previous chapter, and indeed throughout this book, that there are strong arguments in favour of building societies utilising the powers available to them under the 1986 Act and the ‘Review of Schedule 8’ to diversify both their assets and the range of services which they provide. It is most especially important that building societies lessen their traditional reliance upon mortgage lending given: the slim profit margins available in this market; the intensely competitive market environment; and uncertainty surrounding the future growth in demand for mortgage lending. This latter factor is reinforced by the general proposition, alluded to in Chapters 3 and 6, that a more diversified asset portfolio will tend to be less risky than a concentrated portfolio.

Keywords: Current Account; Credit Card; Housing Association; Estate Agency; Building Society (search for similar items in EconPapers)
Date: 1989
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-09680-0_10

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349096800

DOI: 10.1007/978-1-349-09680-0_10

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().