British Bankers Association

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British Bankers Association (BBA)

An association of banks and financial institutions operating in the U.K. The BBA calculates and publishes LIBOR rates.

A professional association of banks and financial service firms. With over 200 members in dozens of countries, the BBA is one of the leading organizations in its field. It is responsible for working with European government organizations on improvements for banking regulations, in addition to setting a banking code and small business code. Importantly, the BBA is responsible for setting the LIBOR every day.

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