The British Bankers' Association is a trade organization for banks doing business in England. British Bankers' Assn contains over 200 member banks and corporations from 60 countries in its organization. It uses the acronym BBA.

British Bankers' Assoc plays a big role in the US economy because it sets the LIBOR rate, which becomes the benchmark for interest rates throughout the world. LIBOR stands for London Inter-Bank Offered Rate. This refers to the interest rates banks use to borrow from each other, as opposed to the interest rate set by governments. The LIBOR rate is set in euros.

1. A way to find British Bankers' Association information is to visit its homepage. British Bankers' Association contact information is there as well. The British Bankers' Association location is London, England.

2. LIBOR rates are usually higher than other interests rates because the lending is done between banks in large amounts of money for financial instruments such as credit derivatives.

3. British Bankers' Association advice covers regulatory information, interest rates, international markets, seminars and debt management and much more.

Action Steps
The best contacts and resources to help you get it done

Get British Bankers' Association advice on interest rates and finance policy

The British Bankers' Association refers to itself as 'the voice of the banking industry for all banks who operate within the UK.' The LIBOR rate is decided on each day by large banks in London and published by the BBA. The rate is used as a benchmark for banks throughout the world. Policies and regulations that affect the Britain's banking system are rigorously monitored by the BBA.

I recommend: LIBOR rates and news are monitored over the course of the day on BBA's website, as well as other LIBOR information. The British Bankers' Association information on policy practice is extensive and updated regularly as well.

Find British Bankers' Association advice in its publishings

The British Bankers' Association produces publications on a variety of banking and monetary matters. Publishings are in online, pdf, leaflet and hard-back formats and range from identity theft, fraud, managing finances in a volatile market, banking codes and more.

I recommend: BBA leaflets contain information applicable to businesses and individuals. They are downloadable. British Bankers' Association publications are available by mail order and cover banking subjects such as banking codes, fraud management and credit derivatives.

Use British Bankers Assoc as a means to keep your staff informed

If your company does business in London or even if your company works with another company that does business in London, British Bankers Assn is an important learning resource to keep you abreast of finance matters and changes.

I recommend: The BBA offers conferences and workshops regularly. These sessions usually take a global perspective. Other means of keeping your staff educated include computer and video training modes. The BBA gives accredited courses in both certificates and diplomas in compliance and anti-money laundering to name two programs that will enhance your professional standing.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Keep informed of British banks and policy through the British Bankers' Association and be alert to how banks in the US are affected or how your business dealings in Great Britain are affected by London's most influential banks.