Northern Ireland PCA Banking Market Investigation Order 2008
Read the full outcome
Detail of outcome
皇冠体育app CMA has decided to open a review into the Northern Ireland PCA Banking Market Investigation Order 2008.
Detail of feedback received
We received submissions from AIB Group (UK) plc (trading as First Trust Bank), Bacs Payment Schemes Limited, Bank of Ireland (UK) plc, Barclays Bank plc, the Consumer Council of Northern Ireland, Northern Bank Limited (trading as Danske Bank), HSBC Bank plc, Lloyds Banking Group plc, Santander UK plc, Tesco Personal Finance plc (trading as Tesco Bank) and Ulster Bank Ltd.
Original consultation
Consultation description
皇冠体育app Northern Ireland PCA Banking Market Investigation Order 2008 (the order) was put in place following an investigation by the Competition Commission into the personal current account (PCA) banking market in Northern Ireland.
皇冠体育app order was then reviewed and varied in 2011. Under the order, banks are required to comply with information and switching requirements. 皇冠体育app Competition and Markets Authority鈥檚 (CMA) retail banking market investigation covers retail banking services to PCA customers in the UK, including Northern Ireland. 皇冠体育app CMA is also reviewing the 2002 SME banking undertakings.
皇冠体育app CMA invites parties and those interested in the order to provide their views on whether a review should take place and to submit any relevant evidence. 皇冠体育app CMA will use the evidence received and conduct its own analysis to make a decision as to whether or not to open a review into the order.
Documents
Updates to this page
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Decision to undertake a review published.
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First published.