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FCA and CMA demand transparency in banking service quality
The UK’s Financial Conduct Authority (FCA) and the Competition and Markets Authority (CMA) have released new rules to allow consumers and small businesses to have better information about the banking...
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UK watchdog investigating Nasdaq’s $190m bid for Cinnober
The UK’s Competition and Markets Authority (CMA) is looking into Nasdaq’s $190 million all cash offer for Swedish trading tech firm Cinnober. OK in UK? As reported in September, Nasdaq said the...
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PayPal’s iZettle acquisition raises UK competition concerns
The UK’s Competition and Markets Authority (CMA) is snooping around and says that PayPal’s takeover of Swedish start-up iZettle could lead to higher prices or reduce the range of services for...
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CMA clamps down on open banking implementation
The Competition and Markets Authority (CMA) has issued Directions to five banks in respect of the Retail Banking Market Investigation Order 2017. The nine mandated institutions are referred to as the...
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Bottomline’s merger with EPG sparks UK regulators to investigate impact to...
The UK’s Competition and Markets Authority (CMA) is investigating whether payment software firm Bottomline’s acquisition of Experian’s Payments Gateway (EPG) will “result in a substantial lessening of...
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HSBC and Santander to refund customers after breaking CMA rules
Customers of HSBC and Santander are set to be refunded by both banks after the UK’s Competition and Market Authority (CMA). Part 6 of the CMA’s Retail Banking Market Investigation Order, which requires...
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FCA plans market changes to simplify mortgage switching
The UK’s Financial Conduct Authority (FCA) has outlined its intentions to shake up the mortgage market. Its announcement comes after a 2019 study from the watchdog found that as many as 800,000 people...
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FNZ-GBST merger under scrutiny from UK’s competition watchdog
The UK’s Competition and Markets Authority (CMA) has raised its concerns about the proposed merger between investment technology suppliers FNZ and GBST. FNZ finalised its GBST acquisition in November...
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UK watchdog green lights $5.3bn Visa-Plaid deal
The Competition and Markets Authority (CMA) has given Visa’s acquisition of Plaid a green light following an investigation. Visa’s aims to close the Plaid deal in a few month’s time Visa announced in...
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UK’s CMA launches consultation into OBIE successor
The UK’s Competition and Market’s Authority (CMA) has launched a consultation into the future governance of open banking in the country. Currently, the Open Banking Implementation Entity (OBIE) is in...
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