Abstract
This chapter discusses the improvements and future developments in financial data in Great Britain. The Bank of England and the CSO has developed financial data extraordinarily well following the initiative of the Radcliffe Committee. Data have been developed in response not only to changes in monetary control but also to developments in the structure of financial institutions and financial markets. Changes in financial statistics have been taking place in consultation with the financial institutions, more specifically with the different professional associations. The two main associations involved have been the Committee of London and Scottish Bankers, and the British Bankers Association (BBA). The BBA embraced, up until April 1983, almost all the United Kingdom financial institutions listed as banks by the Bank of England. Since April 1983, only institutions recognized as banks under the Banking Act 1979 have been eligible for membership of the BBA. The association ensures that the information requested by the Bank of England is necessary, and the returns are drawn up in the way most convenient to the banking community.
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