ABI and BBA shelve plans to merge

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The Association of British Insurers and the British Bankers' Association have just announced they wi...

The Association of British Insurers and the British Bankers' Association have just announced they will not merge the two bodies representing the banking and insurance industries. The decision follows consultation with a wide range of member companies, says the ABI. However, in view of the number and scale of the important issues currently facing both industries, it has been agreed that it would be more sensible for the two Associations "to work closely together on matters of common interest".

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