Building Societies Regulation Costs Will Be Passed To Consumers

Consumers are Likely to Pay Increased regulation of The Price On The Banking Industry, The Building Societies Association has warned.

Speaking At The organization's Annual Lunch, chairman Graham Beale Said That regulation and state backing for part-nationalized banks proving IS Damaging for building societies.

He Added thats the current level of retail pricing are savings products is 'Unsustainable' With demand accounts for up to pushing rats 'uneconomic levels'.

This, According to Mr. Beale, "could lead to a fall in savings rates, gold, More Likely, year Increase in The Cost of borrowing.