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| Britain's banks |
Competition and Markets Authority in Britain said that British banks would be obliged as of 2018 to disclose customer information to third parties, it can make it clear to those customers over them real savings that may be dealt with if the other banks.
According to the Commission, in its final report after the review lasted three years of activities of banking for individuals and small businesses, if the customer is currently paying larger amounts than they should to conduct banking activities do not benefit from the new services.
Companies have already begun in the creation of software for managing financial transactions over the phone or other devices, considering that the Commission set a deadline in 2018 will also strengthen "the financial technology sector."
The government plans to finance the growth of the technology sector, which is looking EU countries such as Germany attracted to London after Britain voted in favor out of the Union.
And dominates the bank's retail business in the UK major banks 4 , a Lloyds Banking Group and Royal Bank of Scotland, Barclays and HSBC.
The control of the four banks to more than three - quarters of current accounts and provides nine out of every 10 loans to businesses. Nor does it change thecustomers of banks with which they do only 3% of the individuals and 4% of the companies in the year.
The control of the four banks to more than three - quarters of current accounts and provides nine out of every 10 loans to businesses. Nor does it change thecustomers of banks with which they do only 3% of the individuals and 4% of the companies in the year.
Competition and Markets Authority also banks also will be required to announce the maximum fees for the operations of the overdraft is the organization, which brings banks 1.2 billion pounds, equivalent to $ 1.6 billion annually.
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