CCPC publishes submission to the Department of Finance’s Banking Review
August 31, 2022
The Competition and Consumer Protection Commission (CCPC) has published its recent submission to the Department of Finance’s public consultation on banking. In providing the response, the CCPC considered the themes arising in the Retail Banking Review Dialogue hosted by the Department of Finance in May 2022, and the comprehensive nature of the terms of reference for the Retail Banking Review.
In the submission, the CCPC expressed concerns about the impending increase in the concentration levels of the retail banking sector in Ireland as a result of the exits of KBC and Ulster Bank.
To address these issues, the CCPC has made a number of recommendations to promote competition and the consumer interest. A full list of these recommendations can be found in the retail banking review.Return to News