BBA has said the Independent Commission on Banking (ICB) must consider the impact of its proposals on business and the economy. BBA said it is essential customers are protected where there is a risk of bank failure but adding layers of regulation will inevitably affect businesses and therefore the cost of individuals getting loans. The Confederation of British Industry (CBI) also said business could be damaged unless there is a rigorous cost-benefit analysis exercise. The Building Societies Association (BSA) also said the proposed reforms should be proportionate to the risk posed by different businesses and their potential impact on these objectives. (Source: BBA Responds on ICB Plans, CBI Responds on ICB Interim Report and BSA Responds on ICB Interim Report)