LONDON, Jan 16 (Reuters) - Britain's banking trade groupscould merge under a proposal set out by leading banks on Fridayto create a single association to represent retail andcommercial banking interests more efficiently and effectively.
A consultation paper released by banks said it addressed howto improve the trade association landscape. Reuters last weekreported banking trade groups including the British Bankers'Association, the Council of Mortgage Lenders, the PaymentsCouncil and the UK Cards Association could merge.
The paper follows work by a steering committee, including 10of the major UK banks. It said creating a single trade group"could help the industry rebuild trust amongst its customers."
(Reporting by Steve Slater; Editing by Carolyn Cohn)