Building Societies Association
Joseph Thompson is an accomplished economist with extensive experience in economic analysis, particularly for the UK’s building societies and credit unions. Currently serving as an economist at the Building Societies Association since October 2008, Joseph leads various projects including CBDC/stablecoins policy, impairment benchmarking, and IT transformation initiatives. Previous experience includes a role as a Senior Client Training Executive and Economics Specialist at Thomson Reuters, where Joseph managed significant Treasury accounts and delivered bespoke training. Joseph holds an MSc in International Business and a degree in Economics with Asian Studies from the University of Birmingham.
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Building Societies Association
The Building Societies Association (BSA) is the voice for all 42 UK building societies and also represents seven of the larger credit unions. Building societies are for people, not shareholders. But what does this mean? Building societies are mutual organisations, therefore owned by their customers. They are therefore not driven by external shareholder pressure and operate in the interests of their members and their local communities. Building Societies have successfully looked after savings and provided mortgages for more than two hundred years. Mutuals consistently provide better service and higher customer satisfaction than other financial service providers. They outperform plc banks across various aspects of customer service, including treating customers fairly, value for money and being trusted to give good advice.