British Bankers' Association

British Bankers' Association
British Bankers' Association
Abbreviation BBA
Motto The voice of banking & financial services
Formation 1919
Legal status Non-profit company
Purpose/focus Banking in the UK
Location Pinners Hall, 105-108 Old Broad Street, London EC2N 1EX
Region served UK
Membership 223 banks
Chief Executive Angela Knight
Website BBA

The British Bankers’ Association (BBA) is the trade association which represents the banks operating within the United Kingdom.

Contents

History

It was set up in 1919. In 1972 it accepted foreign banks. In 1975 responsibility for money transmission services moved to APACS, which became UKPA in 2009.

Function

One of the BBA’s key roles is to operate and maintain BBA LIBOR, the primary benchmark for short-term interest rates internationally, and one of the fundamental benchmarks for global financial markets.

Structure

The BBA’s honorary chairman is Marcus Agius, the chairman of Barclays. The BBA’s chief executive is Angela Knight CBE. It is situated halfway between the Bank of England and Liverpool Street station, off the A1211 (London Wall).

See also

External links

Video clips


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