The British Bankers' Association (BBA) has issued a short press statement on the Queen's Speech.

The BBA states that it will work with the Government to ensure that any transition between regulatory authorities does not cause any disruption to the financial system and is implemented efficiently and effectively.

The BBA also states that an analysis is still needed of the cumulative cost of the national and international changes to banking regulation, and their likely impact on the economy.

The BBA further states that the UK has moved further and faster than the other major economies on banking reform. It urges the Government to ensure that all the changes take account of the international reform agenda.

View The Queen’s Speech - BBA comment, 25 May 2010