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
The world has changed over the last few years, especially within banking. Its processes – from retail transactions to market operations – have been transformed by technology and continue to evolve. But there is a very real possibility that the industry’s digital dependency could have material impacts for individual banks and even develop into systemic concerns.Read more
Written by Richard Horne
Direct banking encouraged a generation of customers out of branches and onto their laptops, and right now mobile and social media are re-writing the rules of engagement for banks with their increasingly well-informed, remote and empowered users.Read more
Later this month the Bank of England’s new Financial Policy Committee (FPC) will meet to discuss risks to financial stability and whether anything can be done about them – “macro-prudential policy” in the jargon. Top of their agenda will be the housing market. Given the headline grabbing nature of its focus, now seems as good a time as any to reflect on the FPC’s purpose and powers.Read more
There are some positive signs that banks are getting to grips with the high numbers of complaints they have received in recent years. Those concerning Payment Protection Insurance (PPI) have started to fall, according to recent Financial Conduct Authority (FCA) figures. There has also been a concerted effort by banks and other financial services companies to put the customers at the centre of what they do.Read more
Written by Andrew Aldred
You may expect British banks to be overjoyed by the UK’s improving economic outlook. Yet the reality is that they are only raising two cheers, not three. Banks’ full year results for 2013 show that the sector is still a long way from staging its own full recovery.Read more
Ask the senior management of a bank what they regard as most important about Enterprise Risk Management (‘ERM’) and the chances are they will tell you it is the ability to have a holistic view of the risks they are running. Their perspective is typically ‘top-down’ and seldom do they think of it in terms of the core bottom-up enabler for ERM – data.Read more
Written by Charles Stewart