Tag Archives: competition

Retail banking market investigation: CMA publishes responses to draft order

The CMA has published responses to the publication of its draft order following the retail market investigation. The responding institutions include: Dansk Bank HSBC Information Commissioner’s Office Santander Tesco Which Some of the concerns raised in the responses address the proposal to introduce a monthly maximum charge in respect of unauthorised overdraft charges, the definition of […]

FCA launches market study on competition in the mortgage sector

FCA has launched a market study on whether competition in the mortgage sector is working in the interests of borrowers. The purpose of the study is to help the FCA understand whether consumers have enough information to choose products and services, and if they are in a position to understand whether these represent good value […]

CMA publishes draft Order following retail banking market investigation

In August 2016 the CMA published the report on its market investigation into the supply of retail banking services. Following the proposals of that Report, the CMA has published a draft Retail Banking Market Investigation Order 2017 which includes measures that seek to drive the market towards ‘Open Banking’: using technology to provide customers with more control over their […]

FCA publishes interim asset management market study

The FCA has today published interim report MS15.2.2 in connection with their Asset Management Market Study. The FCA’s chief objective for the market study was to ensure that the market works well and that the investment products consumers use offer value for money.  The market study was launched in November 2015 in response to a number of concerns […]

FCA and Treasury respond to CMA retail banking market report

In August 2016, the CMA published its final report following its investigation into the competitiveness of retail banking market (Report), which focused on  personal current account and SME customers.  The Report found that there were elements of the market that were having an adverse effect on the promotion of competition, and proposed a package of […]