Provisional decision on remedies
On 17 May 2016, the Competition and Markets Authority (CMA) published its provisional decision on remedies in its retail banking market investigation. It also published provisional decisions in relation to the 2002 SME Banking Undertakings and the 2008 Northern Ireland PCA Order.
The CMA's proposals are intended to reform retail banking, to improve competition and get a better deal for customers of personal current accounts (PCAs) and banking services for small and medium enterprises (SMEs). The CMA intends to implement the package of measures soon after its final report is published in August 2016.