Six into one with new finance and banking trade association, UK Finance
The UK’s new financial trade association – created as a result of the merger between six domestic associations in the banking and payments space – has unveiled its name: UK Finance.
UK Finance brings together 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).
It is set to launch in its new consolidated form this summer.
Bob Wigley, the former chairman of the collapsed Yellow Pages, is the UK Finance chair.
He will oversee the appointment of the CEO of the new body and the integration of the existing trade associations.