All Party Inquiry into Mutual Capital
APPG report on mutual capital
In September 2014, the All-Party Political Group for Mutuals published a report based on its inquiry into Mutual Capital. During the inquiry the group heard testimoney from AFM, BSA, PRA and FCA about the nature of capital for mutuals, and the limitations this has on their businesses.
The report can be downloaded here, and recommends that:
1. New capital instruments for mutuals should be created
2. Regulators should have a legal duty to promote corporate diversity
3. There is a real need for policy makers, regulators and legislators to better understand how customer owned mutuals operate