Capital Requirements Risk Disclosure
The legislative framework, the Capital Requirements Directive (CRD), commonly referred to as Basel 2, governing how much capital all banks and building societies must hold to protect their members, depositors and shareholders, was introduced by the European Union from the beginning of 2007. In the UK this is implemented by our regulator, the Financial Services Authority (FSA).
Saffron Building Society's aim is to ensure that we protect our members’ savings by having sufficient capital even during a significant economic downturn.
The new framework requires disclosure of key pieces of information, such as risk exposures and risk assessment processes.
This disclosure document is intended to provide background information on the Society's approach to risk management as related to maintaining and preserving the capital position of the Group. It also provides asset and capital information.
In the event that a user of this document has comments or requires further information then they are requested to contact Jon Hall, Finance Director at jon.hall@saffronbs.co.uk.
