Tagged: alisdair smith

Final Report by CMA on Retail Banking Requires Banks to Implement Open Banking by 2018

August 9, 2016 @ 9:50 am By JD Alois |

“CMA Sticks to its Guns” The Competition and Markets Authority (CMA) has published its final report on the UK retail banking sector. The government initiative has concluded that highstreet banks do not compete enough for customers’ business. Simultaneously, challenger banks find it difficult to compete… Read More

UK CMA Publishes Report on Banking Services for Consumers and SMEs: “For too long banks have been able to sit back and take their existing customers for granted”

October 23, 2015 @ 8:37 am By JD Alois |

The Competition and Markets Authority (CMA) has published its anticipated report on the state of retail banking in the UK. Unlike the US market, the UK banking industry is almost completely served by several very large banks (RBS, Barclays, HSBC, Lloyds & Santander). These are… Read More