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
Commenting on the Bank of England’s latest Agents’ summary of business conditions, BBA Chief Economist Richard Woolhouse said:
“Businesses are reporting a strengthening and broadening recovery. This is backed up by recent data showing the highest growth in retail sales volumes for ten years.”Read more
Commenting on Sir Richard Lambert’s announcement that a new Banking Standards Review Council is to be established, BBA Chief Executive Anthony Browne said:
“This is an important step in the road to rehabilitating the UK’s banks. Changing the culture of an industry will not happen overnight but the focus on transparency and regular progress reports will help to drive improvement.”Read more
This would be a tax on growth and is a major risk to Europe’s ability to recover from its current economic problems. The agreement to phase it in step by step could actually make this bad tax even worse by increasing uncertainty for investors.Read more
Commenting on the decision by the European Court of Justice’s decision to reject the UK’s legal challenge on the Financial Transaction Tax, BBA Chief Executive Anthony Browne said:
“While the court has rejected the UK Government’s legal challenge on technical points, the substance of the challenge is still in issue.Read more
Major creditors are working in partnership with the Royal College of Psychiatrists to improve the service offered to customers with mental health problems.Read more
Stress tests are a vital part of the new regulatory process which banks fully support and will enable regulators to identify potential vulnerabilities to ensure the UK banking system, which is holding significant additional amounts of extra capital and liquidity, remains robust in the face of the unlikely tail risks which the stress scenario is exploring.Read more
Commenting on the Bank of England’s Agents' Summary of Business Conditions and Minutes of the meeting held on 9 April 2014, BBA Chief Economist Richard Woolhouse said:… Read more
Commenting on the latest FCA complaints statistics Eric Leenders, executive director of retail banking at the BBA, said :
“Today’s FCA figures today show that customer complaints fell last year, with those to banks down nearly 25 per cent in just 12 months.Read more