Research and analysis

Cosmopolitan Housing Group lessons learned

An independent report commissioned by the regulator, sets out lessons learned from the resolution of problems at Cosmopolitan Housing Group.

Document

Cosmopolitan Housing Group lessons learned

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Details

This report examines:

  • the historic context (looking back to 2003)
  • assurance, governance and controls within Cosmopolitan Housing Group 2003 to 2005
  • the merger between Chester and District Housing Trust and Cosmopolitan Housing Group
  • liquidity issues and financial covenant compliance 2012
  • HCA case handling of the crisis

The lessons learned for the sector, regulator and government are set out as recommendations at the end of this report.

Published 1 June 2014