CMA authorities were met with civility and tea during their recent Bank inspections, Bloomberg reported on Thursday.
Lenders from Barclays to Metro Bank were among those to get visits from CMA officials, reviewing the market for small business loans and checking accounts. The meetings began in January and wrapped up last week Bloomberg reported.
“It’s not a dawn raid, it’s a much more consultative approach,” said Trudy Feaster-Gee, a competition lawyer at law firm Walker Morris said, referring to the surprise inspections used by European Union regulators. “The parties are trying to put forward their best foot.”
It’s useful to have met somebody and had a cup of tea with them,” said Simon Belgard, a spokesman for the CMA.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI