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
In this section experts provide in-depth analysis of the important themes and issues facing the banking industry
Anders Bouvin, UK Chief Executive of Handelsbanken, talks about how its 200th British branch symbolises its approach to local banking and serving customers.Read more
Welcome to my newsletter
Welcome back, I hope you’ve enjoyed the recent summer break.
New bank tax threatens competitiveness
London is one of the leading global financial centres, which is why I decided to write to the Chancellor last month about his latest plans for taxing the banking industry. Many of my members fear that the introduction of a Bank Corporation Tax Surcharge – announced in the Summer Budget – may affect the competitiveness of the UK as a centre for banking. It’s vital that the UK is seen as a stable and welcoming place to do business.Read more
Written by Anthony Browne
Joanna Elson OBE, chief executive of the Money Advice Trust, the charity that runs National Debtline, explains the role of the BBA’s new Financial Services Vulnerability Taskforce.Read more
Debbie Roberts, Account Manager at software solutions firm Hitec Labs, explains the value of mitigating conduct risk.Read more
Tim Franklin, an advisory board member at business process management company Firstsource Solutions, discusses the challenges for banks in a swiftly evolving digital world.Read more
The Bank of England has announced that the settlement day for CHAPS, the UK’s high-value payment system, and CREST, the UK’s securities settlement system, will be extended by one hour and forty minutes from summer 2016. The Bank’s Market Services Division explains more about the change.Read more
Written by Bank of England, Market Services Division
Chancellor announces further bank tax in Summer Budget
There was disappointment felt across the City and beyond last week when the Chancellor used his Summer Budget to announce a new bank-specific tax, the fifth to be introduced in as many years. Banks will face a new Corporation Tax surcharge of 8% – that means that the Government is taking another £1.7 billion from the banks over the next six years. All in all, we have worked out that banks in the UK have been singled out for an additional £40 billion of taxes over a decade.Read more
Written by Anthony Browne