British Bankers Association - BBA

DEFINITION of 'British Bankers Association - BBA'

The leading trade association that represents the views of those involved in the banking and financial services industry within the U.K.

BREAKING DOWN 'British Bankers Association - BBA'

Among other things, the BBA is responsible for continually improving the Banking Code, Small Business Code, accounting principles and European regulations regarding banking practices. An additional responsibility of the BBA is to set benchmark rates such as the LIBOR.

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RELATED FAQS
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    Learn what the LIBOR rate is, why there was a change in administration from BBA to IBA, and why LIBOR is often referred to ... Read Answer >>
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    Learn about the significance of the London Interbank Offered Rate, or LIBOR, and the history of how the daily LIBOR became ... Read Answer >>
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    Explore a comparison of the predictive efficacy of the Federal Reserve's fed funds rate and the Intercontinental Exchange's ... Read Answer >>
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