UK Finance

{{short description|UK trade association}}

{{Infobox Organisation

| name = UK Finance

| logo = UK Finance logo 2024.svg

| logo_size =

| caption =

| abbreviation =

| predecessor = British Bankers' Association, Payments UK, the Council of Mortgage Lenders, the UK Cards Association and the Asset Based Finance Association

| formation = {{start date and age |July 1, 2017}}

| extinction =

| status = Non-profit company

| purpose = Trade Association

| location_city = 5th Floor, 1 Angel Court, London

| location_country = United Kingdom

| region_served = United Kingdom

| membership = 300 financial services firms

| leader_title = Chief Executive

| leader_name = David Postings

| main_organ =

| parent_organization =

| affiliations =

| budget =

| staff = 200

| staff_year = 2017

| website = {{url|https://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.{{cite news |date= |title=UK Finance makes £15m gain following merger of six trade groups |url=https://www.cityam.com/uk-finance-makes-15m-loss-first-six-months-following-merger/ |publisher=}} 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.{{cite news |url=https://www.independent.co.uk/money/firsttime-buyers-have-been-impacted-greatly-by-rate-rises-says-uk-finance-boss-b2509439.html |title=First-time buyers have been impacted greatly by rate rises, says UK Finance boss |date=March 8, 2024 |publisher=The Independent }}

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.{{cite news |url=https://www.mortgagefinancegazette.com/market-news/company-news/uk-finance-name-new-financial-trade-association-24-03-2017/ |title=UK Finance – name of new financial trade association |date=March 24, 2017 |publisher=Mortgage Finance Gazette }}{{cite news |url=https://www.ft.com/content/7ac6ff76-5e9c-11e7-91a7-502f7ee26895 |title=Former FCA head Tracey McDermott joins new banking lobbying group |date=July 3, 2017 |publisher=Financial Times }}

References

{{reflist}}