The Future and Development of Building Societies
In the final video of the series, Sir Mark Boleat discusses the current issues and the development of building societies across the world.
Overview
Building societies are great survivors, they have grown and evolved over time to become and remain as major retail financial institutions, providing strong competition to banks. However, they still face issues i.e. enhanced regulation such as higher capital requirements. Despite this, societies have retained their key characteristics, as institutions that specialise in retail savings and mortgage markets.
Key learning objectives:
What is the role of building societies today?
What are the current challenges that building societies face?
How has building societies developed across the world?
Summary
Expert
Sir Mark Boleat
Sir Mark Boleat has held a wide range of board level appointments in the UK and Jersey. He is currently the Chairman of LINK, Eldon Insurance Services and the Governors of the City of London Academy Highbury Grove. Sir Mark is also Vice Chairman of the Advisory Board of the International Business and Diplomatic Exchange.
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