Evidence library

This report provides an in-depth appraisal of the underlying causes of the credit crunch and of the global financial recession that followed in 2008/2009. It analyses the lack of financial diversity within the UK financial services system as a contributory factor to these developments, and argues the case for stronger representation from financial mutual organisations to contribute to systemic stability. It sets out the pathway to achieving a healthier financial services sector and a regulatory system that will recognise the unique benefits that mutuals bring to financial diversity - a lower appetite for financial risk, focus on service, stability and member engagement.