The Regulator of Social Housing has published an updated guide to the way in which it regulates social housing.

Key aspects include:

  • A move to In Depth Assessments (IDAs) carried out every two years for larger and more complex providers;
  • Face to face meetings with executive teams of these providers in the year that an IDA is not taking place;
  • The five consistent components of the IDA model are described, (strategy, structure, risk profile and mitigation, governance, financial resilience);
  • Greater emphasis on ownership of stress testing by boards, and detailed mitigation strategies;
  • Ongoing emphasis on the internal control environment;
  • The process for interim judgements in the event of a merger or significant structural change.