UK Finance

Short description: UK trade association

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UK Finance

Predecessor| British Bankers' Association, Payments UK, the Council of Mortgage Lenders, the UK Cards Association and the Asset Based Finance Association
Formation| July 1, 2017; 8 years ago (July 1, 2017)
Legal status| Non-profit company
Purpose| Trade Association
Location|

* 5th Floor, 1 Angel Court, London, United Kingdom

Region served

| United Kingdom

Membership

| 300 financial services firms

Chief Executive

| David Postings

Staff (2017)

| 200
Website| www.ukfinance.org.uk

UK Finance is a British trade association for the UK banking and financial services sector that was formed on 1 July 2017.[1] It represents over 300 firms in the UK providing credit, banking, markets and payment-related services.

The association formulates policy for its members, advocates those policies with the Government of the United Kingdom, regulators and the media, and supports industry collaboration in the interests of efficiency and better customer outcomes.[2]

## History

The association was created as a result of a merger of the British Bankers' Association, Payments UK, the Council of Mortgage Lenders, the UK Cards Association and the Asset Based Finance Association in July 2017. Its founding Chairman was Bob Wigley.[3][4]

## References

1. ↑ "UK Finance makes £15m gain following merger of six trade groups". https://www.cityam.com/uk-finance-makes-15m-loss-first-six-months-following-merger/.
2. ↑ "First-time buyers have been impacted greatly by rate rises, says UK Finance boss". The Independent. March 8, 2024. https://www.independent.co.uk/money/firsttime-buyers-have-been-impacted-greatly-by-rate-rises-says-uk-finance-boss-b2509439.html.
3. ↑ "UK Finance – name of new financial trade association". Mortgage Finance Gazette. March 24, 2017. https://www.mortgagefinancegazette.com/market-news/company-news/uk-finance-name-new-financial-trade-association-24-03-2017/.
4. ↑ "Former FCA head Tracey McDermott joins new banking lobbying group". Financial Times. July 3, 2017. https://www.ft.com/content/7ac6ff76-5e9c-11e7-91a7-502f7ee26895.

## External links

* Official website

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