BBA’s Browne set to face MPs

 
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THE NEW head of the British Bankers’ Association will tell MPs next week what the industry body thinks of new powers set to be handed to the Bank of England.

A new committee within the Bank could soon be able to impose capital rules for lenders and set charges to dampen lending in overheated parts of the economy.

Anthony Browne took the helm at the BBA last month, replacing Angela Knight. Also giving evidence on the Bank’s macroprudential tools to the Treasury select committee next Tuesday are Adrian Coles, head of the Building Societies Association, and Paul Smee from the Council of Mortgage Lenders.