CMA report fails to deliver depth of reforms - Guy Shone

Guy Shone from Explain the Market along with Tip TV’s Nick Batsford dissects the Competition and Market Authority’s (CMA) final banking report released on Tuesday. The report has been slammed by most experts for failing to deliver the depth of wide-ranging reform originally proposed.

Shone puts it perfectly by saying “people are more interested in clarity and transparency at corporate level or market level rather than tinkering at transaction level”, which the report fails to deliver. This is a must watch segment for banking sector investors as it would help them understand if the spike in the banking shares post release of the port lacks substance.