Legal News

Retail banking in the UK brought to account

Published on: 20 November 2014

Table of contents

  • Original news
  • What recent developments will influence the CMA?
  • What impact will the advent of the FCA have on the eventual outcome?
  • To what degree will political pressure be a factor?
  • What more could be done in terms of behavioural remedies?
  • What structural changes are on the table?
  • What else could be done to encourage new entry and expansion by smaller existing competitors?

Article summary

Competition analysis: The CMA recently announced its decision to launch an in-depth market investigation into the personal current account (PCA) and small and medium-sized enterprise (SME) retail banking sectors. Lesley Farrell and Julia Woodward-Carlton, both partners at Eversheds, consider the possible implications.

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