After five years at the British Bankers’ Association, chief executive Angela Knight has announced her intention to step down.
She will leave in the summer, by which time it is hoped her successor will have been found.
Knight says: “I have been at the BBA at a time of extraordinary difficulty and during a crisis of a magnitude that few if any have seen before or expected.
“The BBA has played a strong part throughout this challenging period and has helped the industry it represents with the significant changes to regulation required. The banking industry has undergone radical restructuring to make it fit for the future and I am pleased to have played a part in this.”
Knight took on the Financial Services Authority in the High Court of Justice over the mis-selling of payment protection insurance and how companies should compensate victims.
The BBA launched a judicial review in October 2010 in which it argued that the FSA’s stance on PPI mis-selling opened the floodgates to other retrospective reviews.
There were calls for Knight to resign after the trade body had to admit defeat last year, but she remained defiant.
Prior to the BBA, Knight was chief executive of the Association of Private Client Investment Managers and Stockbrokers.