Competition and Markets Authority (CMA)

29 results about this entity

Period: 28 Jul 2021 - 21 Feb 2025

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Citi, HSBC, Morgan Stanley, RBC fined for disclosing UK bond pricing

/regulation

Citi, HSBC, Morgan Stanley, RBC fined for disclosing UK bond pricing

UK regulator, the Competition and Markets Authority (CMA) has fined Citi, HSBC, Morgan Stanley, and the Royal Bank of Canada £104.5 million for sharing sensitive information about UK bonds between 2009 and 2013.

Apple and Google to face UK digital wallet competition scrutiny

/regulation

Apple and Google to face UK digital wallet competition scrutiny

Amid industry concerns about the dominance of Big Tech in the provision of digital wallets, UK financial regulators say they will take a back seat and support the country's Competition and Markets Authority in its wider investigations into Apple and Google’s mobile ecosystems.

/regulation

CMA letter to Monzo about breaching Parts 3, 7, 8 and 12 of the Retail Banking Order

CMA finds breaches of Parts 3, 7, 8 and 12 of the Retail Banking Market Investigation Order 2017 and Monzo has agreed to take action to prevent a recurrence.

UK lays the groundwork for open finance era with completion of open banking Roadmap

/payments

UK lays the groundwork for open finance era with completion of open banking Roadmap

The UK's Competition and Markets Authority (CMA) has officially confirmed the full completion of the final Roadmap for Open Banking, laying the foundations for the future development of open finance.

UK challenger banks beat incumbents all-hands down in CMA awards

/retail

UK challenger banks beat incumbents all-hands down in CMA awards

UK challenger banks once again outshone incumbents in the latest annual banking satisfaction survey conducted by the Competition and Markets Authority.

Major UK banks broke CMA rules

/regulation

Major UK banks broke CMA rules

HSBC, Lloyds, TSB, and AIB have been rebuked by the UK's competition watchdog for failing to meet rules on providing customers with clear and up-to-date information.

CMA investigates Virgin Money's merger with Nationwide

/retail

CMA investigates Virgin Money's merger with Nationwide

The UK's Competition and Markets Authority (CMA) has announced it is considering investigating Nationwide's merger with Virgin Money.

CMA outlines competition concerns with AI Foundation Models

/markets

CMA outlines competition concerns with AI Foundation Models

The Competition and Markets Authority (CMA) has identified key risks to fair competition in AI Foundation Models (FMs), growing concerns as AI rapidly develops in the financial industry.

Monzo beats all comers in CMA customer satisfaction survey

/regulation

Monzo beats all comers in CMA customer satisfaction survey

The Competition and Markets Authority has ranked Monzo as the UK's best bank for personal and business accounts.

HSBC, TSB and Nationwide upbraided by CMA over transaction history reporting

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HSBC, TSB and Nationwide upbraided by CMA over transaction history reporting

The Competition and Markets Authority has castigated HSBC, Nationwide and TSB for "significant failures" in transaction history reporting for personal and business customers switching banks.

/regulation

CMA charges five banks with bond price rigging

The Competition and Markets Authority (CMA) has provisionally found that 5 major banks – Citi, Deutsche Bank, HSBC, Morgan Stanley and Royal Bank of Canada – each unlawfully shared competitively sensitive information by participating in one or more series of one-to-one conversations in chatrooms.

/retail

CMA opens review into artifical intelligence market

The CMA is opening an initial review of competition and consumer protection considerations in the development and use of AI foundation models.

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