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
Resilience is about recovering from adversity – an issue the banking system knows all too well having undergone considerable change in recent years. But the banks are starting to rise to the challenges resulting from the heightened demands of regulators, customers and social media.Read more
Millions of British people are embracing payment by mobile phone, banking apps and a range of other technologies which make it easier to bank than ever before. This is great for consumers, but there’s another tantalising opportunity from these innovations.
As EY’s Partner in Digital Financial Services Tariq Khatri writes, Britain’s economy is well-placed to benefit from a boom in digital financial services.Read more
The Foreign Account Tax Compliance Act (FATCA) finally became a reality on the 1st July; FATCA is a US tax avoidance measure which came about after the financial crisis at the end of the last decade. It requires Foreign Financial Institutions (FFI’s) to identify U.S. citizens, report on their income and assets and, in some circumstances, withhold on paymentsto account holders.Read more
The majority of British bankers expect the economy and industry’s performance to strengthen in the second half of 2014, according to EY’s European Banking Barometer. This means more lending to businesses and jobs in banking. But will it mean higher pay? EY’s UK Banking and Capital Markets leader Omar Ali looks at what the survey’s results mean for UK banks and their staff.Read more
The new national Diversity and Inclusion Business Council, launched today, brings together entrepreneurs, academics and the banking sector to promote access to finance for ethnic minority and women-owned businesses. Read co-Chairs Monder Ram and Sara Carter’s blog on how the council will help these entrepreneurs drive our economy and their communities forward.Read more
Written by Monder Ram and Sara Carter
The future of banking is at a crossroads. Major consumer brands are entering the market and using their advanced technological know-how to compete with traditional banks. But barriers to entry still exist. Pinsent Mason’s John Salmon looks at whether Tesco, Twitter or Facebook could be the next big bank.Read more
He is apparently an icon of the banking industry. Decked out in pinstripes and inspecting his gold fob watch, he was nit-picking, bureaucratic and elitist. If anyone has the temerity to ask for an overdraft, he would bellow “stupid boy”.
Of course, there was much to love about Captain Mainwaring of Dad’s Army, just as there was about retail banking in the mid-20th century.
But when people say to me – as they often do – that “we need a return to Captain Mainwaring style banking”, I think “really?” The reality is that compared to the supposed golden age of banking, the way we bank now is far easier and faster.Read more
Written by Anthony Browne
Europe’s securitisation markets all but disappeared following the financial crisis. But a new discussion paper from the European Central Bank and Bank of England seeks to revive them to boost growth. The BBA’s response, submitted late last week, argues that this is a welcome initiative and one the industry fully supports.Read more
There is something that politicians and bankers both agree upon – we believe that greater competition improves the service and the products that customers get. We’ve heard ideas about increasing competition in banking from across the political spectrum. Today, the BBA is adding to that debate with some new ideas on promoting competition by levelling the playing field, so that large and small banks can fairly compete for customers.Read more
Written by James Barty
UK retail and commercial banks are in a great business – one that is experiencing stable to increasing returns, good (but not great) volume growth, the tailwind of cyclical recovery, and attractive policy incentives. It is just these goldilocks business characteristics that are attracting new competitors.Read more
Written by Joseph Dickerson