Tag Archives: cma

Open Banking Or Free-For-All? CMA Latest

Like all the best problems, a simple answer demands complex thinking. Open Banking, with its opening up of data paths, seems such a good idea. The difficulty is how to stop it becoming a free-for-all. The Fintech Times reports on some of the early successes and failures as the mainstream and alternative-finance players seek to […]

CMA Report May Have Life-Changing Impact For FinTech

Conrad Ford, founder of Funding Options, looks in CityA.M. at the alternative-finance implications of the Competition and Markets Authority’s report on open banking. He compares it to finance’s equivalent of the Cambrian Explosion – which saw the emergence of new life forms.   “[It is] an impending financial services revolution has been compared to the […]

SME Credit Debate Rolls On

Banking competition inquiry is coming The debate continues, following the recent announcement by the Competition and Markets Authority (CMA) to recommend a full competition inquiry into banks.  The CMA undertook its preliminary report in collaboration with the Financial Conduct Authority (FCA). The two agencies said the barriers to entry and expansion for newer and smaller […]

SMEs: Part Of Their Own Credit Problem?

CMA is set to inquire into banks’ SME services The lack of lending to small and medium-sized businesses (SMEs) is partly a problem of the SMEs’ own making, says The Independent. Reporting on the Competition and Markets’ Authority’s decision to refer the banking sector for a full competition enquiry, the newspaper accuses SMEs of being […]