Member Login  |   Join Us  |  Resources  |  FAQs  |  News  |  Events  |  Contact Us  


  Search for a Solicitor Advocate

 contact@solicitoradvocates.org

Follow us   

 

General

Banking market investigation 13/11/2014 The CMA has announced the independent members of the group for its investigation into the supply of personal current accounts and of banking services to SMEs.

Banking market investigation

The Competition and Markets Authority (CMA) has announced the independent members of the group for its investigation into the supply of personal current accounts and of banking services to small and medium-sized enterprises.

The CMA announced its decision to refer retail banking for a full ‘phase 2’ market investigation last week and the group is now carrying out a new, comprehensive and independent investigation to see if there are any features of this market which prevent, restrict or distort competition and, if so, what action might be taken to remedy them.

The investigation will be chaired by Alasdair Smith, one of the CMA’s designated inquiry chairs, and the other panel members appointed are Tom Hoehn, Philip Marsden, Jill May, and Ed Smith. The investigation group will act as the decision maker in the case and is chosen from the CMA’s expert independent panel members, who come from a variety of backgrounds, including economics, law, accountancy and business.

The group has published a timetable for the various stages of the investigation, with the final report due by 5th May 2016. It has also published an issues statement, setting out the proposed scope of the investigation.

Further information is available here.

Find a Solicitor Advocate
Looking for a solicitor advocate to
represent you or your client?
Learn more
 
 

Sitemap  |  Privacy and legal  |  Accessibility  |  Cookies Policy  |  Terms and Conditions  |  Scam Alert

© Copyright 2012 The Society of Solicitor Advocates

Website by Red Towers (Scotland) Limited