Britain’s competition watchdog has opened an investigation into “suspected anti-competitive arrangements” in the financial services sector, reported the Financial Times.
“The case is at an early stage and no assumption should be made at this point that competition law has been infringed,” the Competition and Markets Authority (CMA) announced in a statement on Friday, November 16.
The CMA declined to give further detail on the investigation that is looking at conduct in relation to certain types of financial products.
The CMA declined to say if the investigation is focusing on a particular institution or market segment.
The CMA and the Financial Conduct Authority both have powers to enforce competition rules in the financial sector, but it was agreed between them that the CMA, Britain’s most powerful competition watchdog, should be responsible for this investigation.
Featured News
Plaintiffs Seek Communications In Antitrust Case Against Pioneer
May 9, 2024 by
CPI
UK Government Approves Vodafone-Hutchison Merger
May 9, 2024 by
CPI
Senate Majority Leader Announces Plan for AI Regulation Framework
May 9, 2024 by
CPI
BBVA Initiates Aggressive Takeover Bid for Sabadell
May 9, 2024 by
CPI
TikTok to Label AI-Generated Content Amid Election Interference Concerns
May 9, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI