A critique of the UK approach to the supervision of building societies

The objectives were to evaluate the prudential supervision of UK building societies and to produce a blueprint for reform. The cases for and against regulation with particular reference to financial institutions and building societies were evaluated and the objectives of regulation were subsequently incorporated into a building society questionnaire. The supervision of societies since the Building Societies Act 1986 and five case studies were examined with respect to five objectives of supervision. A series of semi-structured interviews were conducted with members of the industry. [Continues.]