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.

  1. Benchmark

    A standard against which the performance of a security, mutual ...
  2. Association Of British Insurers ...

    A trade association comprised of insurance companies located ...
  3. Her Majesty's (HM) Treasury

    The United Kingdom's economics and finance ministry, responsible ...
  4. Eurocurrency

    Currency deposited by national governments or corporations in ...
  5. Euro Interbank Offer Rate - EURIBOR

    The rates offered to prime banks on euro interbank term deposits. ...
  6. Euro Overnight Index Average - ...

    The weighted average of overnight Euro Interbank Offer Rates ...
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