CMA Remedies
RegulatorsDefinition
Remedies that the CMA deemed appropriate to introduce to address a number of key features of the UK Retail banking market considered to be having an adverse effect on competition. These remedies included a requirement for the UK banking industry to adopt a subset of HMT's proposals for Open Banking.
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Frequently Asked Questions
What is CMA Remedies?
Remedies that the CMA deemed appropriate to introduce to address a number of key features of the UK Retail banking market considered to be having an adverse effect on competition. These remedies included a requirement for the UK banking industry to adopt a subset of HMT's proposals for Open Banking.
What does CMA Remedies stand for in Open Banking?
CMA Remedies is a key term in the Open Banking ecosystem. Remedies that the CMA deemed appropriate to introduce to address a number of key features of the UK Retail banking market considered to be having an adverse effect on competition. These remedies included a requirement for the UK banking industry to adopt a subset of HMT's proposals for Open Banking.
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