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Open consultation: Review of SME banking 2002 undertakings
We are seeking views on whether to review the 2002 undertakings for banking services to small and medium-sized enterprises (SMEs).
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Documents
Banking services to SMEs: a market study
PDF, 1.41MB, 185 pages
This file may not be suitable for users of assistive technology. Request a different format.
If you use assistive technology and need a version of this document in a more accessible format, please email info@cma.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.
Consultation description
As part of its SME banking market study, the CMA has conducted a preliminary assessment of the undertakings given by certain banks in 2002 following the Competition Commission’s 2002 investigation into SME banking.
These behavioural undertakings were intended to improve transparency and make it easier for business customers to switch banks. While the CMA considers that these undertakings remain valuable, it is minded to review whether they need to be varied, given recent changes in the switching process. We are inviting views on this.
Details of CMA’s preliminary assessment can be found in Chapter 11 of the SME banking market study (p178).
More details about the SME banking market study, and an update on compliance with the 2002 undertakings, are on the personal current accounts and SME banking case page.
Ways to respond
Email to:retailbanking@cma.gsi.gov.ukWrite to:Retail Banking Team
Competition and Markets Authority
Victoria House
Southampton Row
London WC1B 4AD
More...
Documents
Banking services to SMEs: a market study
PDF, 1.41MB, 185 pages
This file may not be suitable for users of assistive technology. Request a different format.
If you use assistive technology and need a version of this document in a more accessible format, please email info@cma.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.
Consultation description
As part of its SME banking market study, the CMA has conducted a preliminary assessment of the undertakings given by certain banks in 2002 following the Competition Commission’s 2002 investigation into SME banking.
These behavioural undertakings were intended to improve transparency and make it easier for business customers to switch banks. While the CMA considers that these undertakings remain valuable, it is minded to review whether they need to be varied, given recent changes in the switching process. We are inviting views on this.
Details of CMA’s preliminary assessment can be found in Chapter 11 of the SME banking market study (p178).
More details about the SME banking market study, and an update on compliance with the 2002 undertakings, are on the personal current accounts and SME banking case page.
Ways to respond
Email to:retailbanking@cma.gsi.gov.ukWrite to:Retail Banking Team
Competition and Markets Authority
Victoria House
Southampton Row
London WC1B 4AD
