Building societies: Following N&P’s lead

N&P’s achievement has made it a standard-bearer for the UK building society sector – proof positive that the mutuals can match their listed competitors when it comes to risk management savvy.

Country folk lead Europe to IRB status

Tim Fletcher, Baseline Capital

“Basle II is all about changing the way that people run their businesses. We can’t do that for people”
Tim Fletcher, Baseline Capital

 

“Their success is inspirational,” says Adrian Coles, director-general of the Building Societies Association, the trade body that represents the UK’s 59 societies. “N&P have done brilliantly to get there first, but I think there are as many as 15 other societies seeking to get their own IRB approval also.

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