The new director general of the ABI is planning a radical shake up of the financial services industry trade bodies according to a report in today's Daily Telegraph.
The ABI's Mary Francis aims to forge a three way merger creating a 'super trade body,' which will consist of the ABI, Autif and the British Bankers Association.
The Telegraph reports that senior executives from the three organisations have discussed the possibility of a merger, as a way of giving them greater influence in Government circles.
The concept behind the plan is that the larger financial services groups are currently represented in each area covered by the trade bodies.
Therefore a single body would form a more effective pressure group to get their views across to the regulators and Government.