The Competition and Markets Authority (CMA) have published a consultation paper on the future governance of Open Banking.

As the implementation phase of the OBIE’s work concludes, it is important to consider how open banking forward in the UK can be driven forward and help customers take more control of their finances. 

Your submissions to this consultation process will be important input for the decision-makers in the CMA, alongside artefacts including the OBIE’s recently-published Annual Report, as they work out how momentum in maintained and ensure the UK remains a world leader in open banking and financial innovation.

The deadline for responses to the consultation is 5pm on Monday 29th March, 2021.

More: Future oversight of the CMA’s open banking remedies.