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 welcome the proposed reduced reporting requirement for firms with balance sheets below <£5bn. However, we note a number of points where the proposal should be further enhanced including (a) 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
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
The BBA emphasised alignment with COREP and EDTF, the issue of removal of central bank facilities, and the need for a consistent definition of encumbrance. Please read the full response Read More
The BBA is very supportive of the implementation of a LEI, as it is potentially of great benefit to both banks and regulators as reporting frameworks develop. Our answers to Read More
The BBA is pleased to respond to this consultation on the XBRL taxonomy. Please read the full response and the validation errors via the links below.
The BBA has held a number of meetings with our members regarding the EBA’s update on the technical standards on supervisory reporting requirements regarding FINREP on 15 March 2013. The Read More
The BBA fully supports both the EBA and PRA in their overall objectives for COREP. We are very keen to work with the PRA with regards to the implementation of Read More
The BBA is pleased to respond to the EBA’s consultation on the data point model (DPM). The EBA released its DPM consultation on the 28th of May, asking for comment Read More
We are concerned that the lead time is too short and firms will need a longer period to incorporate the new regulations into their frameworks. The 150m EUR threshold would Read More
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