December 20 2015
The UAE Banks Federation, a professional body representing 49 member banks operating in the UAE, has become an associate member of the British Bankers’ Association (BBA), providing a number of benefits to the Federation and its member banks. This partnership aims to strengthen the relations and co-operation between the two organisations, and to enable the Federation and its members to take advantage of international best practice and expertise in its role of assisting and advocating the development of the banking sector in UAE.
Under the arrangement, committees of the two organisations will co-operate on high priority areas of mutual interest such as compliance, anti-money laundering and financial crime, SME lending and digital banking. The Federation will also have access to reports and research papers compiled by the BBA and its specialised committees.
The BBA is the leading trade association for the UK banking sector with 200 member banks headquartered in over 50 countries with operations in 180 jurisdictions worldwide. Its network also includes over 80 of the world’s leading financial and professional services organisations and its members manage more than £7 trillion in UK banking assets.