UK retail finance market likely to face CMA investigation
The Competition and Markets Authority (CMA), the successor body to the Office of Fair Trading (OFT) and the Competition Commission, announced on 18 July 2014 its provisional decision that there should be a ‘joined-up, in-depth’ market investigation into the markets for banking services for small and medium-sized enterprises (SMEs) and the supply of personal current accounts.
The CMA will now consult until 17 September 2014 on its provisional decision. The CMA will make a final decision regarding the market investigation reference in autumn 2014.
The CMA inherited the market study into SME banking from the OFT and has been working closely with the Financial Conduct Authority (FCA) in relation to the study…
Click on the link below to read the rest of the Eversheds briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Eversheds
News from The Lawyer
Briefings from Eversheds
Eversheds’ pensions freedoms survey: 81 per cent of employers concerned their staff will make poor financial decisions
Eighty-one per cent of employers are concerned that their staff will make poor financial decisions when they are given new pensions freedoms in April 2015.
ESMA is inviting all interested stakeholders to respond to the consultation paper.
Analysis from The Lawyer
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
A new breed of lawyer is smoothing the path for companies entering emerging or unstable jurisdictions