Future oversight of the CMA’s Open Banking remedies
The CMA is analysing stakeholder views it has received on the arrangements put in place to ensure the effective oversight and governance of the CMA’s open banking remedies, following the delivery of the implementation requirements of the Order.
The Competition and Markets Authority (CMA) is seeking stakeholder views on what arrangements it would be appropriate to put in place to ensure the effective oversight and governance of the CMA’s open banking remedies following the delivery of the implementation requirements of the Order and how we should manage the transition process towards this new governance model.
We set out our view of the principal features that the arrangements for the future oversight of open banking should exhibit. We invite views on these and then set out some specific questions, including those arising from the detailed proposals that we have received from UK Finance.