UK Finance is a British trade association for the UK banking and financial services sector that was formed on 1 July 2017.[1] It represents over 300 firms in the UK providing credit, banking, markets and payment-related services.
 | |
| Predecessor | British Bankers' Association, Payments UK, the Council of Mortgage Lenders, the UK Cards Association and the Asset Based Finance Association |
|---|---|
| Formation | July 1, 2017 |
| Legal status | Non-profit company |
| Purpose | Trade Association |
| Location |
|
Region served | United Kingdom |
Membership | 300 financial services firms |
Chief Executive | David Postings |
| Staff | 200 (in 2017) |
| Website | www |
The association formulates policy for its members, advocates those policies with HM Government, regulators and the media, and supports industry collaboration in the interests of efficiency and better customer outcomes.[2]
History
editThe association was created as a result of a merger of the British Bankers' Association, Payments UK, the Council of Mortgage Lenders, the UK Cards Association and the Asset Based Finance Association in July 2017. Its founding Chairman was Bob Wigley.[3][4]
References
edit- ^ "UK Finance makes £15m loss following merger of six trade groups". City AM. October 14, 2018.
- ^ "First-time buyers have been impacted greatly by rate rises, says UK Finance boss". The Independent. March 8, 2024.
- ^ "UK Finance – name of new financial trade association". Mortgage Finance Gazette. March 24, 2017.
- ^ "Former FCA head Tracey McDermott joins new banking lobbying group". Financial Times. July 3, 2017.