Marsh said: "The TSA’s existence has given confidence to lenders and investors by ensuring the financial stability of the sector and its ability to manage emerging risks.
"In plain terms, the housing sector might have paid £100million in extra interest on the £7billion of new finance raised by housing providers in the last 12 months. With banks having lent £35billion to the sector, this works out as a £500million a year saving.
"As well as safeguarding tenants’ homes, regulation has a value on the bottom line too."
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