UK Finance combines activities of six associations

A new financial trade association, UK Finance, was formed on July 1 to represent the finance and banking industry operating in the UK. It will represent around 300 firms in the UK providing credit, banking, markets and payment-related services.

UK Finance brings together most of the activities previously carried out by the Asset Based Finance Association (ABFA), the British Bankers’ Association (BBA), the Council of Mortgage Lenders (CML), Financial Fraud Action UK (FFA UK), Payments UK and The UK Cards Association. Many of the statistics and reports produced by the original trade associations will continue to be released as planned, but will be rebranded under UK Finance and some will have different names to reflect the new organisation.

To clarify the changes, the new association has produced a guide to its releases including the trade association they were previously attributed to, their new name, a brief description of their content and the expected publication date. Further information is available at www.ukfinance.org.uk and UK Finance may be followed on Twitter @UKFtweets.

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