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
The BBA has responded to the Basel Committee’s consultation on revisions to the G-SIB assessment framework, encouraging it to recalibrate the three substitutability indicators, taking into account the low level of risks arising from assets under custody well opposing the widened scope which would include insurance subsidiaries.
Given the substantial progress made on resolution planning we recommender that the G-SIB assessment be aligned with the wider resolution framework.
Please read the full response via the link below.
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