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
We are keen to table our thoughts on the key areas that the mission should look to address from a banking perspective. We see the development of a mission statement – to add colour to the Financial Conduct Authority’s (FCA’s) statutory objectives as a very important development; an opportunity to reset the relationship between the regulator and authorised firms. To help to form an industry position, we have canvassed widely across the C-Suite of a range of member segments, including retail banks, specialist banks, private banks and challenger banks.
Our technical panels, comprising subject-matter experts have supported the more detailed responses to the specific questions raised; for example our vulnerability sub group and financial inclusion panel gave considered thought to your analysis of vulnerable consumers. We have also tested our thinking informally with other stakeholders and whilst different trade bodies have different priorities, we are confident that our thinking resonates with and compliments the responses of others.
Please read the full response via the link below.
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