In response to the Treasury Committee's report on ICB Interim Report, the BBA said in its statement that "the banking industry agrees with the Treasury Committee's view that close consideration needs to be given to the impact of reforms on the competitiveness of the UK economy as well as the supply of credit to business". The BBA is also pleased to see that the Treasury Committee has recognised the relationship between the ICB's remit and the international reform programme already under way. (Source: BBA Statement on Treasury Committee’s Report on ICB)