Personal Current Account Banking Services in Northern Ireland Market Investigation PDF Download

Author: Great Britain: Competition Commission
Publisher: The Stationery Office
ISBN: 0117037192
Category : Business & Economics
Languages : en
Pages : 564

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Book Description
The Commission's report examines the market for personal current account (PCA) banking services in Northern Ireland, following on from a supercomplaint made by Which? and by General Consumer Council for Northern Ireland under the Enterprise Act 2002. This provisional report finds that banks have unduly complex charging structures and practices which are not sufficiently explained, and customers generally do not actively search for alternative PCAs or switch provider. It concludes that, despite significant changes in recent years, without effective remedial action the market as a whole will remain uncompetitive.

Author: Great Britain. Competition Commission
Publisher:
ISBN: 9780117081116
Category : Bank accounts
Languages : en
Pages : 47

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Book Description
The Competition Commission (CC) has decided to amend the Northern Ireland Personal Current Account Banking Market Investigation Order 2008, which brought in a number of measures to improve competition for personal current account (PCA) banking customers in Northern Ireland. This is in order to comply with European directives and confirms the CC's provisional decision which was published in October 2010. The main reason for the changes is that since the 2008 Order was made, the UK has implemented two European directives - the Payment Services Directive (PSD) and Consumer Credit Directive (CCD) - which include requirements relating to PCAs. Having received advice from the Office of Fair Trading (OFT), the CC has reviewed the 2008 Order and has decided to remove those parts of the 2008 Order that duplicate or are incompatible with the requirements of the European directives. The CC has retained some requirements as the EU directives are not tailored to address all of the specific competition problems identified in the Northern Ireland PCA banking market.

Author: Great Britain. Parliament. House of Commons. Northern Ireland Affairs Committee
Publisher: The Stationery Office
ISBN: 021508408X
Category : Business & Economics
Languages : en
Pages : 49

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Book Description
From the reckless high-risk attitude of many banks pre-financial crisis, the pendulum appears to have swung too far back in the opposite direction. Over the past year, the Northern Ireland economy has shown very welcome signs of recovery, with many new jobs recently being announced and the banks themselves showing a return to profitability. The banks need to build on this. It is regrettable that banks such as FTB and Danske, have chosen not to participate in HM Government's Funding for Lending Scheme, thereby potentially denying Northern Ireland further capacity for growth. The banks have assured us they are "open for business": it is essential that they now put their money where their mouth is to help small businesses play their part in Northern Ireland's economic recovery. Customer service and IT services need to improve considerably for banks themselves to really play their part

Author: Barry J. Rodger
Publisher: Taylor & Francis
ISBN: 0429955197
Category : Law
Languages : en
Pages : 403

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Book Description
Competition Law and Policy in the EU and UK provides a focused guide to the main provisions and policies at issue in the UK and EU, including topics such as anti-competitive agreements, abuse of dominance, mergers and Brexit. The book’s contents are tailored to cover all major topics in competition law teaching, and the authors’ clear and accessible writing style offers an engaging and easy-to-follow overview of the subject for course use. The sixth edition provides a full update for this well-established title and takes recent developments into account, including those in the case law surrounding the concept of ‘object’ agreements under Art 101 TFEU, the concept of abuse under Art 102 TFEU, the treatment of online multi-sided platform markets, and the development of private enforcement. Chapters focus on the substantive laws of the UK and EU and demonstrate how competition law affects business including co-ordinated action, pricing behaviour, takeovers and mergers. Information is presented within a structured framework, complete with discussion of the UK enforcement structures following the UK’s withdrawal from the EU. The book includes a wealth of pedagogical features, including chapter overviews and summaries, discussion questions and further reading. Clear, focused and student-friendly, this book offers a comprehensive resource for students taking competition law courses and will be of interest to postgraduate students and legal professionals looking for an introduction to the topic.

Author: Tina Fawcett
Publisher: Routledge
ISBN: 1136530118
Category : Nature
Languages : en
Pages : 200

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Book Description
Personal carbon trading is rapidly moving up the political agenda as recognition grows of its potential to address urgent issues of climate change and natural resource use. Under personal carbon trading schemes a carbon allowance would be allocated to each individual, to be used and traded in the same way as in national and international carbon trading schemes. This volume presents the latest research on personal carbon trading at different scales - from the effects on the individual, communities and organisations, to its place in national, EU (including the EU ETS) and global policy landscapes. It presents key research on the economic and policy barriers and implications, and will be essential reading for anyone involved in emissions trading research or policymaking.

Author: Great Britain: Parliament: House of Commons: Treasury Committee
Publisher: The Stationery Office
ISBN: 9780215558961
Category : Political Science
Languages : en
Pages : 284

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Book Description
Additional written evidence is contained in volume 3, available on the Commons website at www.parliament.uk/treascom

Author: Gunnar Niels
Publisher: Oxford University Press, USA
ISBN: 0199588511
Category : Business & Economics
Languages : en
Pages : 637

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Book Description
Economics for Competition Lawyers provides a comprehensive explanation of the economic principles most relevant for competition law. Written specifically for competition lawyers, it uses real-world examples, is non-technical, and explains the key points from first principles.

Author: Great Britain: Parliament: House of Commons: Treasury Committee
Publisher: The Stationery Office
ISBN: 9780215047717
Category : Business & Economics
Languages : en
Pages : 38

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Book Description
In response to the Treasury Committee's inquiry, Barclays, HSBC and Santander all made a public commitment to continue to provide basic bank holders with unrestricted access to cash machines. In this report, the Treasury Committee makes clear its intent to write to the other providers of basic bank accounts asking for similar clarification and urges RBS and Lloyds TSB to remove their restrictions. Restricting access to cash machines could compromise the network. In certain areas, more than a third of ATMs could be placed at risk if other providers of basic bank accounts were to take similar action or to remove themselves from the LINK system. The Committee understands the need for banks to control costs and that in this instance the financial benefits to Lloyds and RBS appear relatively small. Those affected, though, would be amongst the most vulnerable people in society. In the longer run, both the way services are offered to customers and the charges they pay need reform to secure greater banking competition

Author: K. Phylaktis
Publisher: Elsevier
ISBN: 1483297500
Category : Business & Economics
Languages : en
Pages : 510

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Book Description
This volume reviews the publicly available sources of statistical information on finance, covering the UK monetary sector, banks, finance houses, building societies and other financial institutions. It also deals with pensions, life insurance, government statistics and professional and trade associations.

Author: Independent Commission on Banking
Publisher: The Stationery Office
ISBN: 9780108510984
Category : Business & Economics
Languages : en
Pages : 364

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Book Description
The Independent Commission on Banking's final recommendations aim to create a more stable and competitive basis for UK banking for the long term. The result would be a banking system that is much less likely to cause, or succumb to, financial crises and the huge costs they bring; is self-reliant, so that the taxpayer does not have to bear the losses that banks make; and is effective and efficient at providing the basic banking services of safeguarding retail deposits, operating secure payments systems, and efficiently channelling savings to productive investments in the economy. Stability is crucial and UK banks should have more equity capital and loss-absorbing debt - beyond what has so far been internationally agreed - and their retail banking activities should be structurally separated, by a ring-fence, from wholesale and investment banking activities. The Commission also address competition, which has not been properly effective in UK retail banking. They recommend a seamless switching system based on redirection for personal and small business current accounts, free of cost and risk, complemented by measures to enhance transparency. The new Financial Conduct Authority should have a clear duty to promote effective competition. Structural reform should be complete by the Basel implementation date of 2019 at the latest. These reforms would result in better-capitalised, less leveraged banking more focused on the needs of savers and borrowers in the domestic economy. At the same time UK banks would be free to flourish in global markets, but without UK taxpayer support.