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
What to look out for: Online contacts with a keen interest in you, your personal circumstances and information.
Criminals trawl the internet and send “phishing” emails to obtain the sort of private information that makes it easier for them to defraud victims. They are also increasingly befriending people on social media, striking up a relationship online before openly asking for money.
Fraudsters who commit ‘romance’ or ‘relationship’ fraud will build confidence over time and then eventually ask for cash, concocting worthy causes such as a struggling business or ailing relative.
A reformed fraudster reveals his tactics
“If you say you are in banking, watch the websites, when she asks ‘have you had a good day’ you can say yes/no because you know the markets have gone up or down.”
“Find something to say, find common interests to talk about, research them, where they live, everything they talk about. Have a story, a good one and live it. Gradually add a few problems, softly, softly, don’t overdo it“
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