Consultation outcome

Personal current accounts and banking services to SMEs

This consultation has concluded

Read the full outcome

PCAs and banking services to SMEs: final decision on market investigation reference

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Detail of outcome

The CMA has decided to make a market investigation reference in relation to personal current accounts and small and medium-sized enterprise (SME) banking. Further information can be found on the retail banking market investigation case page.

Feedback received

Responses to the consultation from consumers, businesses and other bodies

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Barclays Bank PLC

British Chambers of Commerce

Citizens Advice Scotland

Clydesdale Bank

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Consumer Council for Northern Ireland

Credit Union Consultancy

EEF

Federation of Small Businesses

Financial Conduct Authority

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Forum of Private Business

HSBC

Lloyds Banking Group covering letter

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Lloyds Banking Group annexes

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LNT Group

Metro Bank

Moneyfacts Group

National Pawnbrokers Association

Orwell Group

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Paragon Bank

Payment Systems Regulator

Positive Money

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Royal Bank of Scotland PLC

Santander UK plc

Tesco Bank

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TSB

Virgin Money

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Which?

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Yorkshire Building Society

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Detail of feedback received

The CMA received over 120 responses to this consultation. Copies of the consultation responses (excluding confidential information) are available from this page.


Original consultation

Summary

We are seeking views on the CMA’s provisional decision to make a market investigation reference in relation to PCAs and SME banking.

This consultation ran from
to

Consultation description

This consultation invited views on the Competition and Markets Authority’s (CMA) provisional decision to make a market investigation reference (MIR) in relation to the provision of personal current accounts (PCAs) and the provision of banking services to small and medium-sized enterprises (SMEs) in the UK.

The CMA’s 2 market studies on PCAs and SME banking are available on the retail banking sector market investigation case page.

Documents

PCAs and banking services to SMEs: provisional decision on MIR

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Updates to this page

Published 18 July 2014
Last updated 6 November 2014 + show all updates
  1. Outcome of consultation and public responses published.

  2. Date announced for when the CMA will make an announcement regarding next steps following its consultation. The consultation responses and outcome will also be published on this date.

  3. Consultation responses and consultation outcome published.

  4. First published.

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