Our Scans · (64192) Building Societies · Weekly Summary

• Only a return to a mutualised building society model will offer any greater diversity and stability to the financial sector as a whole. Demos
• Banks and building societies will have to carry out immigration checks on an estimated 70million accounts under new rules from January.: The Home Office expects the checks will identify thousands of failed asylum seekers and visa overstayers. bathchronicle
• Rules originating in Brussels hit in mid-January and will see the biggest banks and building societies across Europe forced to provide standard open access to all their customer data to regulated third parties. This is Money
• Regional partnerships in environmental security could prevent disasters in climate hot spots and support the capacity building of societies against the risks of climate change. World Future Council
• Senior managers working in UK banks, building societies and PRA-designated investment firms will be subject to a new criminal offence relating to a decision that causes a financial institution to fail. Out-Law
• Exacting new responsibilities for senior managers of banks, insurers and building societies will now apply to buy-side firms such as asset managers (as well as the Bank of England itself). The Economist
• UK Banks and building societies are expected to come under increased strain because of new mortgage rules that are being introduced from April 26. This is Money

Last updated: 19 June 2026