24th Aug 2016 Back to top
  • Borrowing continues as usual despite Brexit uncertainty

    Dr Rebecca Harding, Chief Economist at the BBA, blogs about trends in the latest High Street Banking statistics.

  • July 2016 figures for the high street banks

    Dr Rebecca Harding, BBA Chief Economist, said:

    “This month’s BBA High Street Banking statistics are the first set of borrowing figures gathered since the EU referendum. The data does not currently suggest borrowing patterns have been significantly affected by the Brexit vote, but it is still early days. Many borrowing decisions will also have been taken before the referendum vote.”

    “We are also clearly still a nation of shoppers and the Brexit vote has done nothing to change the fact that we use credit cards for short-term purchases. Strong retail sales figures appear closely associated with strong consumer credit growth.”

    “Businesses also appear to be borrowing as usual: the upward trend that characterised the first few months of this year is continuing. June’s data looks like a blip, probably caused by pre-Brexit nervousness. But it is too early to tell how the data over the next few months will reflect the result of the decision to leave the EU.”

22nd Aug 2016 Back to top
18th Aug 2016 Back to top
  • First Impressions Count: Building a Robust Approach to Onboarding

    In the latest blog from governance risk and compliance specialists Hitec, journalist Gaynor Pengelly explains why failure to gain the necessary data to accurately engage a customer can damage a relationship and lead them directly into the arms of the competition.

17th Aug 2016 Back to top
15th Aug 2016 Back to top
12th Aug 2016 Back to top
11th Aug 2016 Back to top
9th Aug 2016 Back to top
  • Correcting a leverage ratio imbalance

    Simon Hills, Executive Director, Prudential Capital and Risk blogs about how the Bank of England’s decision to drop interest rates might impact the Leverage Ratio.

  • BBA response to the CMA final report

    Commenting on the final findings of the CMA investigation into the supply of personal current accounts (PCAs) and of banking services to small and medium-sized enterprises (SMEs), chief executive of the BBA Anthony Browne said:

    “Banks compete to attract and retain customers every day. They are also focused on giving their customers the best outcome for the services they provide. The CMA’s final recommendations will further help consumers with a package of measures which give individuals and businesses greater power to pick the products that are best for their needs.

    “Customers and businesses have already found digital banking hugely convenient and have taken advantage of mobile technology that is allowing us to bank round the clock. We are pleased the CMA has reflected that in its recommendations.

    “However, we recognise more work needs to be done to create a level playing field by supporting new banks wanting to set up business, as well as helping to grow established banks.”

8th Aug 2016 Back to top
5th Aug 2016 Back to top
4th Aug 2016 Back to top
  • BBA statement on BoE decision to cut interest rate

    Dr Rebecca Harding, BBA chief economist, said:
    “The decision to cut interest rates and increase quantitative easing sends a clear signal that the Bank of England is taking a ‘whatever it takes’ approach to stabilising the economy. Weak post-Brexit data is creating a perception that the economy is likely to slow and the decision to reduce rates has been made on the basis of a perception of risk.