Competition And Markets Authority

1-15 of 23 Articles
Clock icon 3 minutes

The Competition and Markets Authority (CMA) has today published its recommendations for the future oversight and governance of Open Banking. The CMA’s recommendations will be taken into consideration in the design of a future entity to succeed the Open Banking Implementation Entity (OBIE). The

Clock icon 3 minutes

The Competition and Markets Authority (CMA) is to be given new powers to fine companies that rip off customers, make misleading claims, or have unfair terms and conditions. It is expected that Kwasi Kwarteng, business secretary, will announce the proposals next week to strengthen the CMA's powers po

Clock icon 2 minutes

The Competition and Markets Authority (CMA) has imposed fines totalling over £260 million for competition law breaches in relation to the supply of hydrocortisone tablets. The fines are the result of a CMA investigation into the conduct of several pharmaceutical firms which found that Aud

Clock icon 2 minutes

The Competition and Markets Authority (CMA) has issued a warning to a series of UK banks including Monzo, NatWest and Virgin Money after they breached a rule requiring them to send former customers their transaction histories. As a result of the Retail Banking Market Investigation Order 2017, banks

Clock icon 3 minutes

The Competition and Markets Authority (CMA) has provisionally found that the proposed merger between Crowdcube and Seedrs will reduce competition and innovation. Crowdcube and Seedrs are the 2 largest equity crowdfunding platforms in the UK. These types of platforms connect small and medium-sized en

Clock icon 2 minutes

Banking customers at the Royal Bank of Scotland are the least satisfied in the UK, a survey conducted by the Competition and Markets Authority (CMA) has found. Just 47% of customers who responded to the poll said that they would recommend the personal current account provider to family and friends.

Clock icon 3 minutes

The Competition and Markets Authority (CMA) has stopped Clydesdale Bank from forcing small business customers to open a business current account with it to get a COVID-19 Bounce Back Loan. The watchdog found that Clydesdale, which is owned by Virgin Money, was in breach of legal undertakings that pr

Clock icon 4 minutes

The Competition and Markets Authority (CMA) has written to Bank of Scotland owner Lloyds Banking Group over its breaches of the Payment Protection Insurance (PPI) Market Investigation Order 2011 which the CMA were notified about in September last year. The notification came seven years after the ban

Clock icon 2 minutes

The Financial Reporting Council (FRC) has voiced renewed concerns about the financial market’s vulnerability to the failure of one of the Big Four audit firms that dominate the sector. The regulator said it had requested detailed information from Deloitte, KPMG, EY and PWC on their responses t

Clock icon 2 minutes

A merger between two suppliers of retail investment platform solutions has been provisionally blocked by the Competition and Markets Authority (CMA) as it could be anti-competitive. FNZ purchased GBST in November 2019. According to the CMA, their merger could lead to UK consumers who rely

Clock icon 2 minutes

The Competition and Markets Authority (CMA) has written to Lloyds Banking Group and Nationwide about their non-compliance with the Payment Protection Insurance (PPI) Market Investigation Order of 2011.

Clock icon 3 minutes

The Competition and Markets Authority (CMA) has found that a private hospital group and seven consultant ophthalmologists broke competition law by taking part in illegal price-fixing. Following an investigation by the CMA, Spire Healthcare Limited and Spire Healthcare Group plc has admitted tha

1-15 of 23 Articles
Intership icon

Latest Jobs

Intership icon

Latest Events