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Financial services sector speech: speech by Clive Maxwell on competition in the financial services sector

Mayer Brown LLP
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United Kingdom
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June 26 2012

On 21 June 2012, the OFT published a speech by Maxwell, the new Executive Director of the OFT, on competition in the financial services sector

Banking White Paper: HM Treasury and Department for Business, innovation and skills publish banking White Paper

Mayer Brown LLP
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United Kingdom
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June 21 2012

On 14 June 2012, HM Treasury and BIS published a White Paper on banking reform which set out proposals to implement a bank ring-fence, to increase banks’ capacity to absorb losses, and also to protect competition in UK banking

Commission approves two UK schemes to facilitate SME access to credit

Mayer Brown LLP
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European Union, United Kingdom
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March 20 2012

On 14 March 2012, the European Commission announced that it has decided to approve two UK aid schemes which are intended to facilitate access to credit for small and medium sized enterprises

Fingleton delivers speech on competition in UK banking

Mayer Brown LLP
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United Kingdom
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February 21 2012

On 16 February 2012, John Fingleton, Chief Executive of the OFT, delivered a speech on competition issues in the UK banking sector at a conference on ‘the post-crisis challenges to a competitive banking sector’

Competition Commission consults on revocation of Credit Cards (Price Discrimination) Order 1990 and provident financial undertakings

Mayer Brown LLP
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United Kingdom
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December 16 2011

On 7 December 2011, the Competition Commission published a notice of its intention to revoke the Credit Cards (Price Discrimination) Order 1990, which was created as a result of a monopoly investigation into the credit card sector

OFT receives super-complaint from consumer focus regarding travel money

Mayer Brown LLP
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United Kingdom
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September 26 2011

On 21 September 2011, the Office of Fair Trading (“OFT”) received a super-complaint from statutory body Consumer Focus regarding the cost of obtaining foreign currency and the overseas use of credit and debit cards

Independent Commission on Banking publishes interim report

Mayer Brown LLP
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United Kingdom
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April 11 2011

On the 11 April The Independent Commission on Banking published its Interim Report

UK government calls for antitrust probe of banks’ lending covenants

Mayer Brown LLP
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United Kingdom
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March 29 2011

On 23 March, the government has asked the OFT to probe whether banks help to entrench the dominance of the "Big Four" auditing firms through restrictive lending agreements with companies

OFT refers proposed mortgage software merger to the CC

Mayer Brown LLP
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United Kingdom
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March 21 2011

On 17 March the Office of Fair Trading "OFT" referred the anticipated acquisition by MBL Holdings Limited of Trigold Crystal Group Limited to the Competition Commission for further investigation

Treasury Select Committee launches inquiry into banking competition

Mayer Brown LLP
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United Kingdom
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July 15 2010

On 13 July 2010, the Treasury Select Committee ("TSC") announced the launch of its inquiry into competition in the banking sector

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