Future oversight of the CMA’s Open Banking remedies
Read the full outcome
Detail of outcome
The CMA has published its response to the consultation on the future oversight of the CMA’s Open Banking remedies. The consultation response sets out the CMA’s views on the future governance of Open Banking.
The CMA has also published a joint statement together with HM Treasury, the Financial Conduct Authority and the Payment Systems Regulator which sets out their plan to establish a Joint Regulatory Oversight Committee to oversee the development of Open Banking beyond the scope of the CMA’s Open Banking remedies.
Feedback received
Detail of feedback received
The CMA has received a significant number of responses to the consultation.
Original consultation
Consultation description
The Competition and Markets Authority (CMA) is seeking stakeholder views on what arrangements it would be appropriate to put in place to ensure the effective oversight and governance of the CMA’s open banking remedies following the delivery of the implementation requirements of the Order and how we should manage the transition process towards this new governance model.
We set out our view of the principal features that the arrangements for the future oversight of open banking should exhibit. We invite views on these and then set out some specific questions, including those arising from the detailed proposals that we have received from UK Finance.
Documents
Updates to this page
Last updated 25 March 2022 + show all updates
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Outcome of consultation published.
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Consultation responses published.
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Responses to the consultation published.
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First published.