Skip to main content

Building Societies

Volume 481: debated on Monday 20 October 2008

To ask the Chancellor of the Exchequer if he will commission research on the effects of the demutualisation of former building societies on the wider financial system. (226736)

The Government supported research by the All-Party Parliamentary Group for Building Societies and Financial Mutuals on the impact of demutualisation, the findings of which were published in March 2006. The Government continue to monitor activity in the sector and support action to make the process of demutualisation more transparent and accountable to members of building societies.