New financial trade association to be named: UK Finance

New financial trade association to be named: UK Finance – Representing UK Finance & Banking

The new financial trade association has been named UK Finance - Representing UK Finance & Banking. This was a unanimous decision by the Interim Main Board. The new integrated trade association will bring together member organisations in finance and banking in the UK.

UK Finance will integrate the remits, skills and capabilities of six trade associations: The Asset Based Finance Association (ABFA), British Bankers’ Association (BBA), Council of Mortgage Lenders (CML), Financial Fraud Action UK (FFA UK), Payments UK and the UK Cards Association (UKCA).

Last month Bob Wigley was announced as the Chair of UK Finance, commencing his role on the 1st March who will oversee the appointment of the Chief Executive of the new body and the integration of the existing trade associations. UK Finance is set to launch in the summer of 2017.

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