The British Bankers` Association (BBA) has revealed that both parties agreed that rogue elements in the IVA industry should be excluded from the market.
Brian Capon, spokesman for the BBA, said that there had been two rounds of talks, which also included representatives from the insolvency services.
"We established a lot of common ground between us and the IVA providers at that meeting," Mr Capon commented.
He also remarked that as long as they are issued "in the right circumstances", IVAs can be very helpful to people in financial difficulties. However, he added that anyone considering entering into an IVA should be completely alert to the implications.
Credit reference agency Experian recently said that it expect the number of IVA applications to overtake the number of bankruptcies this year.
