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CMA statement on RBS / Williams & Glyn divestment proposals
The CMA has been requested by the Chancellor to advise on the competition implications of the proposed RBS / Williams & Glyn divestment.
We have today received a request from the Chancellor of the Exchequer to advise on the implications for competition of the latest proposals for divestment by RBS of Williams & Glyn as a new UK retail bank.
This work will be carried out separately from the ongoing banking market investigation and our advice will not prejudge the outcome of this investigation.
We expect to report back with our advice in July 2015.