Additional written evidence is contained in volume 3, available on the Commons website at www.parliament.uk/treascom

In this report the Treasury Committee concludes that the pre-conditions for effective competition in the retail banking market are not present. The Committee highlights in particular a lack of price transparency and comparability in the personal current account market, as well as the difficulty of switching. The report calls on the Government to make competition a primary objective of the new regulatory body, the Financial Conduct Authority (FCA). It also recommends a "public interest test" based on competition considerations for proposed future divestments of Government-held stakes in the banks. Given the continuing importance many consumers attach to a branch network, especially for current account services, the report notes that new entrants without access to an extensive branch network will be at a considerable disadvantage to established banks for the foreseeable future. This means that the Government needs to examine carefully where it can help improve the conditions for effective competition. New entry and reductions to barriers to entry and expansion may alone prove insufficient to tackle the problem of ineffective competition. As a result, the Committee urges the Independent Commission on Banking (ICB) to examine seriously whether there is a case for further structural reforms, over and above the RBS and Lloyds Banking Group divestments, to reduce concentration and promote competition. Solving the 'too big to fail' problem is critically important from a competition as well as a financial stability perspective.

Too important to fail - too important to Ignore : Ninth report of session 2009-10, Vol. 2: Oral and written Evidence

When the banking sector was coping with mergers and consolidation, the enlarged scope of activities of non-banks, fintech companies on high voltage digital banking spree, the scourge of the pandemic suddenly added several tectonic changes. The Covid-induced stress led to several rounds of stimulus packages, expansionary Union Budget 2021-22 and increased Capex allocations where the role of banks became more critical. Formation of Development Finance Institutions (DFI) and National Asset Reconstruction Company Ltd. (NARCL) – Bad Bank followed to provide the firepower to revive and sustain the economy. Encouraged by the unprecedented changes in banking sector, writing a book on ‘Changing Dimensions of Banking in India’ was considered apt to capture key changes with their implications. It highlights the nuances of potential changes in the organizational structure, corporate governance, digital innovations, credit growth, MSME sector, better managing asset quality and strengthening risk management architecture. The quick read can be a ready reference to the next generations leaders.

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This market study provides an assessment of competition in three broad areas of the retail banking sector in Tunisia: current accounts, bank loans for micro, small and medium enterprises and mobile payment services. The report identifies areas where competition is not working as well as it could, reducing customers mobility and access to finance and limiting the competitive pressure that fintech companies can exert on traditional banks.