UK launches probe into banking sector competition

hsbc-canary-wharf
HSBC is one of the 'big four' under scrutiny

The UK's banking sector is often criticised for being dominated by just a handful of large banks, and today the country's Competition and Markets Authority (CMA) revealed its intention to investigate the extent of the problem.

"The CMA continues to have concerns about the effectiveness of competition in these sectors," the UK government said in a statement. CMA chief executive Alex Chisholm described retail banking competition as "critically important".

In initial consultations, the CMA identifi

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: