The retail banking market investigation – regulatory changes ahead?

After a two-year market investigation into the supply of retail banking services to personal current account customers as well as to small and medium-sized enterprises, the Competition and Markets Authority published its final report on 9 August 2016. Andrew Barber and Emma Radmore examine the regulatory implications.

Andrew Barber is a partner specialising in financial services regulation and Emma Radmore is legal director at law firm Bond Dickinson. Contact them on andrew.barber@bonddickinson.com and emma.radmore@bonddickinson.com.

Overview

The investigation follows a number of reviews into the United Kingdom banking sector and concerns raised about retail banking. In light of the reviews, the CMA investigated areas including whether: