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.
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Home / News Articles / Reports & Briefings
The BBA’s position on competition is clear. We support competition and want customers, both retail and business, to have choice both in the bank and the type of banking they want. More competitive markets allow customers to choose from a greater range of products to suit their needs from a wider variety of providers. More transparency will improve the efficiency of the market and lead to customers making informed decisions about whether to switch provider in order to get the best deal.
In this document we have canvassed the views of both established banks and challengers, with a variety of different business models. The common theme from them all is that they welcome competition and want the playing field to be fair to all.
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