Monday, 4 April 2011

UK: Commons Treasury report published: 'Competition and choice in retail banking'

The House of Commons Treasury Committee published its report Competition and Choice in Retail Banking on Saturday: see here. The report argues that those banks which are regarded as too important to fail are also too big for fair competition. Measure to promote increased competition are demanded and the report urges the Independent Commission on Banking to seriously examine whether there is a case for further structural reforms, over and above the RBS and Lloyds Banking Group divestments, to reduce concentration and promote competition. The Commission will publish its interim report next week, on 11 April.

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