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
Written by Anthony Browne
Today marks the end of my tenure as Chief Executive of the BBA, and the final chapter of the BBA before it joins with five other trade associations to become UK Finance next week.
Over the last five years I have been privileged to have worked with so many dedicated professionals across the industry, government and of course the BBA team. I would like to thank them again for their hard work and tireless commitment to rebuilding trust in the sector and support and enhance the regulatory framework it operates in.
Helping customers, promoting growth and raising standards are at the heart of what the BBA does. From launching the midata service that helps customers find the best value current account for their needs, to bringing together law enforcement agencies to develop a collective approach to fighting financial crime the BBA has helped its members to take the lead in raising standards helping customers and promoting economic growth.
I have been particularly proud of our work to support SMEs and entrepreneurs by coordinating mentoring services across the country, highlight banks support for the sector, and engagement with politicians and the public to set out how much the sector contributes to jobs, tax and wider society.
A major element of this success is the way we’ve been able to enhance our offering to members through our training and events programme, bringing together industry leaders and experts in a wide range of bespoke sessions designed to address the challenges posed by rapidly changing technology and new regulation. Our associate membership has more than doubled over this period, reflecting the industry’s close links with the technology and professional services sectors.
Looking forward, from digital banking to Brexit, the sector faces may exciting opportunities and a fair few challenges.
This is a crucial time for the financial services industry and it is vital that Government and business maintain an open dialogue. As we begin the next phase of the Brexit processes, our focus should remain on securing a transition period that allows banks to continue to meet their customers’ needs as the UK leaves the EU.
Closer to home, I know UK Finance will maintain and enhance the excellent policy, research, data, communications and commercial activities of each of these organisations. Even more vital, I am confident that it will continue to place the need to show the value that banking provides to society at the heart of all it does.
The success of our recent retail banking conference – with its forward-looking agenda, speakers drawn from Government, business, and regulation and focus on customer experience – is testament to the BBA ability to drive debate on behalf of its members and the wider public.
It was a real pleasure to see so many of you at yesterday’s final BBA Retail Banking Conference and I look forward to seeing the sector go from strength to strength in future.