LONDON, Nov 20 (Reuters) - Five British financial servicestrade associations, including the British Bankers' Association(BBA) and Payments UK, are set to merge following a review ofhow to strengthen their lobbying efforts and cut membershipcosts.
Britain's banks proposed earlier this year merging nineassociations and set up a panel to review options, which onFriday proposed bringing together five bodies and creating closeties with two more.
The review group proposed initially merging the BBA,Payments UK, the Council of Mortgage Lenders and the UK CardsAssociation and adding the Asset Based Finance Associationshortly after. (Reporting by Steve Slater, editing by Anjuli Davies)