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
Ensuring that customers in vulnerable circumstances are treated not only fairly but with empathy and sensitivity to their circumstances is a growing priority for the financial services industry. That is why the industry, together with charities and consumer groups, proactively joined forces last year to launch the very first Vulnerability Taskforce in order to look at how the experience and outcomes for customers in most need can be improved.Read more
It is vital that all customers have the banking services they need available to them. Banks have undertaken a number of changes to make personal finance accessible for all different sorts of people.Read more
The banking industry has undergone a number of major reforms since the financial crisis. Over 80 pieces of legislation have been passed to make the financial system… Read more
British banks are on the front line in the battle against financial crime. Both the nature of their business and regulatory design have positioned them as the first line of defence against money laundering, terrorism funding, and an expanding array of other illicit activities.Read more
As part of its new Strategic Report for UK companies, introduced in time for 2013 year-end reporting, the Department for Business, Innovation and Skills (BIS) put in place requirements for companies to report on the gender breakdown of their employees. This requires, as a minimum, the disclosure of gender ratios relating to main boards, senior managers and total employees. The BBA supported the disclosures as they provided a natural complement to initiatives such as the Davies Review and the 30% Club, both of which have high levels of support from within the banking industry.Read more
The competitiveness of the UK as a centre for international banking
In late 2014, the BBA began discussing the UK’s competitiveness as an international banking centre with its members and with stakeholders within government and regulatory bodies. It became clear that there was a widespread interest in developing a strategy to safeguard the position of the UK as a leading international banking centre, hosting foreign banks and UK-headquartered wholesale banks.Read more
As Britain’s largest export industry banking makes a significant contribution to the British economy.
The banking industry contributed more than £31 billion in tax in 20141 . A total of £16 billion – 51% – of this tax contribution came from foreign banks, while UK-headquartered banks contributed £15.3 billion – 49% – in taxes.Read more