British Bankers Association Libor. The British Bankers' Association (BBA) was a trade association for the UK banking and financial services sector. If ever there was a symbol that regulators and government no longer trust banks to do the right thing, it is today's formal announcement that the British Bankers' Association will no longer oversee the setting of Libor.
IBA took over for the British Bankers' Association in the aftermath of the scandals.
If ever there was a symbol that regulators and government no longer trust banks to do the right thing, it is today's formal announcement that the British Bankers' Association will no longer oversee the setting of Libor.
Libor Versus Prime Rate - Both rates are used as reference rates for various lending and borrowing transactions. The LIBOR index values provided were displayed there in their entirety, based on the permission from the British Bankers' Association. According to the British Bankers' Association, other proxies for financial health, such as the default-credit-insurance market, are not. british bankers association libor - Park's banking.