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.

British Bankers Association

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.
References in periodicals archive ?
But the British Bankers' Association said overdrafts were designed to be used for only a few days, so it was impossible to calculate accurate annual rates.
DATA released this week by the British Bankers' Association shows the level of mortgage lending continuing to edge higher, albeit in a very gradual way.
The latest figures on the property market come just days after the British Bankers' Association said the number of mortgages approved for house purchase had risen to a 17-month high during July.
Contact banks and building societies direct or get claim forms from the British Bankers' Association, www.bba.org.uk, 0044 20 7216 8909, or the Building Societies Association www.bsa.org.uk or 0044 20 7437 0655.
The data comes after the British Bankers' Association reported the first fall in credit card debt for more than a decade.
FIGURES from the British Bankers' Association (BAA) show that credit outstanding on cards totalled pounds 43.7bn at end of July, some 16pc more than a year earlier.
The British Bankers' Association (BBA), a lobby group that oversees Libor, said that it has named a new chairman.
The industry trade body, the British Bankers' Association, is not involved and declined to comment.
Around 42,238 loans were approved for people buying a property, nearly double the number in October 2008 and the highest level since January 2008, according to the British Bankers' Association.
A total of 38,181 loans were approved for people buying a home, 77% more than in July last year and the highest level since February 2008, according to the British Bankers' Association.
A total of 66,965 home loans were approved for house purchase during the month, the lowest figure for three months and 1% fewer than in July last year, according to the British Bankers' Association.
But British Bankers' Association chief executive Angela Knight said: "This is sensationalist and insults front-line staff."

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