Posts Tagged ‘CMA’
CMA hails ‘milestone’ as full completion of Open Banking Roadmap announced
The remaining three banking providers have delivered the required functionality under the Retail Banking Market Investigation Order.
Read MoreCMA writes to Santander UK about Open Banking data breaches
Santander UK has breached part two of the Retail Banking Market Investigation Order 2017.
Read MoreMonzo comes out on top in CMA’s banking satisfaction ranking
Personal and small business current account holders were asked how likely they would be to recommend their provider to a friend, relative or other business.
Read MoreHSBC, Nationwide and TSB reprimanded by CMA for transaction histories breaches
The CMA has written to each of the banks about their failure to send payment transaction histories to personal and business customers after their accounts had closed.
Read MoreInsight: A look back on PSD2 and what we can learn from it
Tom Burton, director of external affairs and public policy at GoCardless, reflects on what the history of PSD2 can teach the UK and Europe.
Read MoreOutgoing OBIE trustee calls for long-term vision for Smart Data ecosystem in the UK
Charlotte Crosswell made a number of recommendations for the future of Open Banking in the UK, in the ‘Trustee End of Implementation Roadmap Report’, including an end of June deadline for a new future entity.
Read MoreCMA appoints former NatWest payments director as OBIE trustee
Marion King will succeed Charlotte Crosswell as chair and trustee of the UK’s Open Banking Implementation Entity.
Read MoreHSBC being ‘closely’ monitored by CMA after Open Banking breaches
The UK bank self-reported the breaches, which included incorrect information related to fees, charges and rates, in June 2022.
Read MoreCMA announces completion of UK’s Open Banking Roadmap
Six out of the nine largest retail banks have fully implemented the Roadmap’s requirements, while the remaining three may face enforcement action if they do not complete Open Banking “in a timely way”.
Read MoreJROC to deliver vision for UK Open Banking in Q1 2023
TrueLayer’s Jack Wilson said “the waiting continues”, as an update from HM Treasury, the CMA, PSR and FCA revealed the Strategic Working Group’s final report has been delayed until January.
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