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 proposals from the PRA to mandate that banks include contractual provisions in their financial contracts issued under third-country law binding the counterparty to recognise any Read More
The BBA has responded to proposals from the Bank of England to implement new powers to require banks to remove impediments to resolution. Please read the full response via the Read More
This is the BBA’s response to the Draft Regulatory Technical Standards on criteria for determining the minimum requirement for own funds and eligible liabilities under Directive 2014/59/EU consultation paper; we welcome Read More
The draft RTS cover an important topic. We note that the introduction states that the purpose of the RTS is to promote consistent application of the methodologies for the valuations Read More
Please find below the BBA response to the EBA consultation: On the contractual recognition of write-down and conversion powers under Article 55(3) of the Bank Recovery and Resolution Directive (BRRD). Read More
The BBA welcomes the publication of the PRA’s preliminary views on the principles that firms’ operational arrangements must satisfy in order to be deemed compliant with Fundamental Rule 8. The Read More
Key points: We strongly support the BRRD and welcome the Government’s intention to transpose the requirements in a timely fashion. We caution against the proposal to grant the Bank of Read More
BBA response to a PRA consultation paper on the implementation of the Bank Recovery & Resolution Directive in which we outline points for the PRA to consider as they finalise Read More
For enforcement action to be effective, those who transgress rules and expected standards of behaviour should believe they face a real and tangible risk of being held to account and Read More
We support the FSB’s general approach to the activation of recovery plans and stress testing and in particular the emphasis on the institution itself being responsible for the design of Read More
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