The BBA is now integrated into UK Finance. Please go to www.ukfinance.org.uk for new content and updates from UK Finance.
Material published by BBA prior to 1st July 2017 is still available on this website.
From 1 July 2017, the finance and banking industry operating in the UK will be represented by a new trade association, UK Finance. It will represent around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation will take on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association.x
The ‘Dementia-friendly financial services charter’ has been drawn up to give assistance to banks and other financial services organisations to identify, understand and respond to the many needs of those customers that have live with dementia.
The charter aims help those with dementia access financial services and live independent lives for as long as possible. The charter also offers help for carers who are struggling to make financial decisions on behalf of those with dementia, providing advice and support on areas of difficulty such as complicated legal documents.
The BBA has supported the development of this charter alongside a steering group of 24 other financial services organisations, as well as the Building Societies Association and the Association of British Insurers.
Eric Leenders, Executive Director of Retail Banking of the BBA, said:
“As the population ages all aspects of society are having to adapt to the challenges of dementia. The Dementia Friendly Financial Services Charter demonstrates how banks are developing ways to ensure that people with the condition can continue to run their own finances. This work represents a key milestone in the Prime Minister’s dementia agenda, and the BBA look forward to continuing their work with the Alzheimer’s Society on this important issue”.
A copy of the charter can be found here.
The Financial Reporting Council (FRC) has been looking at how best to rationalise some of the audit guidelines in place by better integrating the guidance into the auditing standards themselves. Read More
Mike Conroy, BBA, Executive Director, Corporate and Commercial Banking said: “The first quarter of this year saw an upturn in applications for loans and overdrafts from SMEs, although volumes were Read More
Ian Jordan, Chair of the BBA’s Northern Ireland committee, said of the latest data: “The first quarter of the year saw an increased number of SME loan applications, leading to Read More