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Building Societies: Regulation

Volume 506: debated on Thursday 4 March 2010

To ask the Chancellor of the Exchequer what reports he has received from the Financial Services Authority on its stress testing exercise on building societies; and whether that exercise has been concluded. (313292)

The FSA made a statement on stress tests on 28 May 2009, available at:

http://www.fsa.gov.uk/pages/Library/Communication/PR/2009/068.shtml

Further to this, the FSA have set out their ongoing approach to stress testing in Policy Paper PS 09/20 (published December 2009, available at:

http://www.fsa.gov.uk/pages/About/What/international/stress_testing/index.shtml

More details are available on the FSA's website.