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British Bankers' Association

British Bankers' Association
Abbreviation BBA
Motto The voice of banking & financial services
Formation 1919
Legal status Non-profit company
Purpose Banking in the UK
Region served
253 banks
Chief Executive
Anthony Browne

The British Bankers’ Association (BBA) is a trade association for the UK banking and financial services sector. Its members collectively provide a wide range of banking and financial services. The Association lobbies for its members and gives its view on the legislative and regulatory system for banking in the UK.


  • Role 1
  • Structure 2
    • BBA Board 2.1
    • Member Segment Advisory Boards 2.2
    • High-level committees 2.3
    • Technical panels and working groups 2.4
  • Activity 3
    • Products and services 3.1
      • BBA LIBOR 3.1.1
      • Events and training 3.1.2
      • High street banking statistics 3.1.3
      • Global Operational Loss Database (GOLD) 3.1.4
      • SME support 3.1.5
      • Lost accounts 3.1.6
      • BBA Strategy 2013-2015 3.1.7
      • BBA Brief 3.1.8
  • Organisation 4
    • Senior personnel 4.1
  • History 5
    • Presidents and Chairmen since 1972 5.1
      • Presidents 5.1.1
      • Chairmen 5.1.2
  • See also 6
  • References 7
  • External links 8


The BBA describes itself as the leading trade association for the UK banking sector with more than 230 member banks headquartered in over 50 countries with operations in 180 jurisdictions worldwide.


The BBA is a trade association owned and governed by its members.

BBA Board

The Board is the governing body of the Association, and it agrees major strategies and policies.

Member Segment Advisory Boards

Member Segment Advisory Boards provide a forum to inform the agenda of the BBA Board and policy committees. There is a Member Segment Advisory Board for the major retail banks, challenger banks, small banks, major international wholesale banks, foreign banks, private banks and wealth management, and custody banking.

High-level committees

The BBA has four high-level committees, representing retail policy, financial policy and risk, wholesale policy, and corporate policy.

Technical panels and working groups

Below its Board, Member Segment Advisory Boards and high-level committees, the BBA has a number of technical panels and working parties.


The BBA responds to the full range of issues affecting retail and wholesale banking and the wider financial services industry. As well as its interaction with current affairs, it works to form and reform lasting policy decisions.

Products and services


LIBOR is the primary benchmark for short-term interest rates. It indicates the average rate at which a leading bank can obtain unsecured funding for a given period in a given currency. It therefore represents the lowest real-world cost of unsecured funding in the London market. As such, LIBOR is one of the fundamental standards for global financial markets.

Prior to September, 2012, [2]

Events and training

In 2014 the BBA held 67 events attracting over 4,500 attendees. This included the Association’s annual conference and annual industry dinners, as well as a number of forums, briefings and training courses.

High street banking statistics

The BBA produces a monthly report on high street banking figures which is used by banks and by the media. This data informs the BBA Annual Abstract of Banking Statistics which is published each August.

Global Operational Loss Database (GOLD)

The BBA manages the Global Operational Loss Database (GOLD) for its members. GOLD is an important tool for managing operational risk.

SME support

In line with the UK Government’s drive to support UK business, the BBA is a committed participant in the Business Growth Fund.

The BBA is leading efforts to increase funding to small and medium-sized enterprises through the Better Business Finance campaign. The BBA collaborated with the British Chambers of Commerce to deliver 15 outreach events across the UK throughout 2011 in support of this initiative.

Better Business Finance is complemented by the website mentorsme,[3] an online gateway through which small and medium businesses can connect with mentoring organisations and individuals working in their area.

Lost accounts

The BBA has ongoing responsibility for a number of personal and business customer services. These include the website My Lost Account,[4] a free service that helps customers trace their lost accounts and savings.

BBA Strategy 2013-2015

The BBA’s three core priorities are helping customers, promoting growth and raising standards. Its strategy document [5] gives further details about the Association’s aims and values.

BBA Brief

The BBA Brief[6] is a daily two-minute summary of the banking news that matters sent at 10am.


Anthony Browne succeeded Angela Knight as chief executive on 1 September 2012.[7][8]

Senior personnel

  • Anthony Browne, Chief Executive
  • Sally Scutt, Deputy Chief Executive
  • Henrietta Royle, Chief Operating Officer
  • Paul Chisnall, Executive Director – Financial Policy and Operations
  • Simon Hills, Executive Director – Prudential Capital, Risk and Regulatory Relationships
  • Eric Leenders, Executive Director – Retail
  • Paul Stephenson, Executive Director – External Affairs
  • Irene Graham, Executive Director – Business Finance
  • Keith Phillips, Executive Director – BBA Enterprises, Membership and Business Development
  • Richard Woolhouse, Chief Economist and Head of Research


The BBA was founded in 1919. The Association was reconstituted in 1972, the same year it first accepted foreign banks. In 1975 responsibility for money transmission services moved to Association for Payment Clearing Services (APACS) (which became UK Payments Administration (UKPA) in 2009).

Presidents and Chairmen since 1972


  • 1972–73 E.O. Faulkner (Later Sir Eric Faulkner)
  • 1973–80 Lord O'Brien of Lothbury
  • 1980–84 Sir Eric Faulkner
  • 1984–91 Sir Jeremy Morse
  • 1991–96 Sir Nicholas Goodison
  • 1996–97 Sir Brian Pitman
  • 1997–2002 Andrew R.F. Buxton CMG
  • 2002–04 Sir George Mathewson CBE, LLD, FRSE
  • 2004–06 Sir Peter Middleton GCB


See also


  1. ^
  2. ^
  3. ^
  4. ^
  5. ^
  6. ^
  7. ^ S Goff - Financial Times Retrieved 2012-07-10
  8. ^ 12/06/2012 bba Retrieved 2012-07-10

External links

  • British Bankers' Association
  • Business Growth Fund
  • Better Business Finance
  • mentorsme
  • My Lost Account
  • BBA YouTube channel
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