BBA sits on euro fence but releases changeover plans just in case

Despite the British Bankers' Association's reluctance to comment on whether it supports the euro, it has, along with the Association for Payment Clearing Services, published an outline blue print for the banking industry to help prepare for a change in currency. The blue print has been published as a result of the government's 'prepare and decide' policy. However, because the timetable proposed by the Treasury is considered demanding, the BBA believes that its blueprint sets out a more realistic schedule. The association concludes that there ought to be be at least a two-y...