British Bankers' Association
The British Bankers’ Association (BBA) is the trade association
Trade association
A trade association, also known as an industry trade group, business association or sector association, is an organization founded and funded by businesses that operate in a specific industry...

 which represents the banks operating within the United Kingdom.


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.


One of the BBA’s key roles is to operate and maintain BBA LIBOR, the primary benchmark for short-term interest rate
Interest rate
An interest rate is the rate at which interest is paid by a borrower for the use of money that they borrow from a lender. For example, a small company borrows capital from a bank to buy new assets for their business, and in return the lender receives interest at a predetermined interest rate for...

s internationally, and one of the fundamental benchmarks for global financial market
Financial market
In economics, a financial market is a mechanism that allows people and entities to buy and sell financial securities , commodities , and other fungible items of value at low transaction costs and at prices that reflect supply and demand.Both general markets and...



The BBA’s honorary chairman is Marcus Agius
Marcus Agius
Marcus Ambrose Paul Agius is a British financier and businessman, currently the Chairman of Barclays. He has also been appointed the senior non-executive director on the BBC's new executive board.-Biography:...

, the chairman of Barclays. The BBA’s chief executive is Angela Knight
Angela Knight
Angela Ann Knight is the Chief Executive of the British Bankers' Association . She was formerly a Conservative Party Member of Parliament representing the constituency of Erewash from 1992–97, and served as the Economic Secretary to the Treasury from 1995–97.-Early life:Born in Sheffield, Knight...

 CBE. It is situated halfway between the Bank of England
Bank of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world...

 and Liverpool Street station
Liverpool Street station
Liverpool Street railway station, also known as London Liverpool Street or simply Liverpool Street, is both a central London railway terminus and a connected London Underground station in the north-eastern corner of the City of London, England...

, off the A1211 (London Wall
London Wall
London Wall was the defensive wall first built by the Romans around Londinium, their strategically important port town on the River Thames in what is now the United Kingdom, and subsequently maintained until the 18th century. It is now the name of a road in the City of London running along part of...


See also

  • Banking Code
    Banking Code
    The Banking Code was a voluntary code of practice agreed by United Kingdom banks.On 1 November 2009 the Financial Services Authority Banking Conduct Regime commenced...

  • British Banking School
    British Banking School
    The British Banking School was a major part of British history. They were created to oppose the British Currency School; they argued that currency issue could be naturally restricted by the desire of bank depositors to redeem their notes for gold....

  • Euro Banking Association
    Euro Banking Association
    The Euro Banking Association is an industry forum for the European payments industry with over 200 member banks and organisations from the European Union and across the world aimed at fostering and driving pan-European payment initiatives...

  • European Association of Public Banks

Video clips

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