The UK Competition Commission (CC) has provisionally decided to release the UK's four largest clearing banks from the price controls imposed in relation to banking services to small and medium-sized enterprises (SMEs) in 2002. This follows a detailed examination by the Office of Fair Trading (OFT) of the impact of the price controls and other undertakings. Alan Overd and Rameet Sangha provided support to Lloyds TSB throughout the OFT investigation and also assisted Lloyds TSB during the original CC investigation of the SME market.
See CC Press Release and OFT advice to the CC