WHERE IS REGULATION GOING?

摘要

Following the Homes and Communities Agency's (HCA) ultimately abortive attempt to "ring-fence" the commercial activities of housing associations last year, the sector successfully argued that it would be impossible to truly disentangle their commercial and regulated work. In part this is because even for associations that have deliberately set up a separate business to run private sale arms, these are often funded by loans from the main group. If the private sale arm then got into difficulty, this would endanger the repayment of the loans, thereby potentially pulling the whole group into trouble.