Policy paper

Government response to the Competition and Markets Authority retail banking market investigation

This paper sets out how the government will take forward the 4 recommendations made by the Competition and Markets Authority in its retail banking market investigation final report.

Documents

Details

On 9 August 2016 the Competition and Markets Authority (CMA) published the final report of its market investigation into retail banking.

The CMA found features of the banking sector that restrict effective competition and sets out a package of remedies to address the adverse effects on competition detailed in its final report. This includes making 4 specific recommendations to government.

This paper sets out how the government will take forward each recommendation.

Published 3 November 2016