UK Office Of Fair Trading Eyes Personal Bank Account Market

Law360, New York (July 13, 2012, 5:26 PM EDT) -- The U.K. Office of Fair Trading on Friday said it has launched a review of the personal bank account market to study competition concerns and a lack of customer focus across the wider retail banking market.

“The personal current account review will seek to establish how the market has evolved since the OFT's market study in 2008,” the OFT said. “It will look at whether initiatives agreed by the OFT with banks have been successful at improving the switching process, increasing the transparency of personal current...
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