British Bankers' Association

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

Member Segment Advisory Boards provided a forum to inform the agenda of the BBA Board and policy committees. There was 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.

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

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

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, BBA LIBOR (the London Interbank Offered Rate) was calculated and published by Thomson Reuters on behalf of the BBA. In July 2012, it came out that LIBOR had been systematically rigged by Barclays for many years, leading to the LIBOR scandal. Paul Tucker, Deputy Governor of the Bank of England, compared the BBA LIBOR market to a "cesspit" of dishonesty.[1] In September, 2012, it was decided that the BBA would be stripped of its role in LIBOR rate setting. Martin Wheatley said "the BBA acts as the lobby organisation for the same submitting banks that they nominally oversee, creating a conflict of interest that precludes strong and credible governance".[2]

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.

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

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

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

The BBA was 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.

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

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

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

• Anthony Browne, Chief Executive
• Henrietta Royle, Chief Operating Officer
• Eric Leenders, Managing Director – Retail and Commercial Banking
• Ronald Kent, Managing Director – Wholesale and Financial Policy
• Paul Chisnall, Executive Director – Financial Policy and Operations
• Simon Hills, Executive Director – Prudential Capital, Risk and Regulatory Relationships
• Mike Conroy, Executive Director – Business Finance
• Rebecca Park, Executive Director – External Affairs

• 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

• 2006–10 Stephen Green
• 2010–12 Marcus Agius
• 2012–15 Nigel Wicks
• 2015–present Noreen Doyle