Today, the Office of Fair Trading ("OFT") launched a review of barriers to entry, expansion and exit in retail banking. The review comes at a time of when the UK Government has significant stakes in a number of major retail banks, which it will wish to divest over time. The purpose of the OFT review is notably to help the Government understand the decisions and choices it faces in relation to the sale of these banking assets and to judge the right balance between the impact on competition and other public policy goals, such as maximising value. We believe that this is likely to herald a number of fresh competition investigations into the banking sector in the UK and possibly elsewhere. There have been many calls recently for further competition investigations into the banking
The UK OFT launches a review of barriers to entry, expansion and exit in the retail banking sector
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