Irish Crisis Could Hit Mutuals, Fears Fsa ; Building Societies Secretly Polled About Exposure Irish Crisis May Hit Uk Mutuals

Summary

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IN the clearest signal yet of official concern over Ireland's stricken economy, the City's watchdog is demanding building societies disclose details of loans they have made to Irish banks.

Financial Services Authority officials have been taking particular interest in exposure to Irish institutions. This is over and above the usual regulatory monitoring requirements, suggesting it has particular concern about the security of these loans - made with the savings of society members.

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Extract

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Irish Crisis Could Hit Mutuals, Fears Fsa ; Building Societies Secretly Polled About Exposure Irish Crisis May Hit Uk Mutuals

The FSA's anxieties centre on the building society sector, which lost a collective Pounds 200 milli...

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