UK Finance

Last updated
UK Finance
Predecessor British Bankers' Association, Payments UK, the Council of Mortgage Lenders, the UK Cards Association and the Asset Based Finance Association
FormationJuly 1, 2017;8 years ago (July 1, 2017)
Legal status Non-profit company
Purpose Trade Association
Location
Region served
United Kingdom
Membership300 financial services firms
Chief Executive
David Postings
Staff200 (2017)
Website www.ukfinance.org.uk

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.

Contents

The association formulates policy for its members, advocates those policies with the Government of the United Kingdom, regulators and the media, and supports industry collaboration in the interests of efficiency and better customer outcomes. [2]

History

The 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

  1. ↑ "UK Finance makes £15m gain following merger of six trade groups".
  2. ↑ "First-time buyers have been impacted greatly by rate rises, says UK Finance boss". The Independent. March 8, 2024.
  3. ↑ "UK Finance – name of new financial trade association". Mortgage Finance Gazette. March 24, 2017.
  4. ↑ "Former FCA head Tracey McDermott joins new banking lobbying group". Financial Times. July 3, 2017.
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