Magazine article Public Finance

Fewer RSLs Now Need Supervision

Magazine article Public Finance

Fewer RSLs Now Need Supervision

Article excerpt

Fewer housing associations are being placed under supervision by regulators, it was revealed this week.

In 2008/09, just two alleged breaches of the regulatory code for registered social landlords were investigated by the Tenant Services Authority or its predecessor, die Housing Corporation.

A further eight cases were brought forward from the previous year and, at the end of March, six RSLs remained under supervision with statutory appointees on their boards.

In 2004/05. the corporation investigated 15 new cases, 51 were brought forward and 42 RSLs were still under supervision at the end of the year.

The number of supervision cases had been declining slowly before the corporation's dissolution almost 12 months ago. According to the TSA's annual report, published on November 5, the fall was due to a 'risk-based approach' that better reflects the risks facing landlords.

The report also showed that most associations were performing satisfactorily. Just two of the 82 regulatory judgements issued since the TSA's launch in December raised concerns over an RSL's viability'. …

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