CMA
RegulatorsCompetition and Markets Authority
Definition
The Competition and Markets Authority is a non-ministerial government department in the United Kingdom, responsible for strengthening business competition and preventing and reducing anti-competitive activities. The CMA mandated Open Banking in the UK through the Retail Banking Market Investigation Order 2017.
Related Terms
Frequently Asked Questions
What is Competition and Markets Authority?
The Competition and Markets Authority is a non-ministerial government department in the United Kingdom, responsible for strengthening business competition and preventing and reducing anti-competitive activities. The CMA mandated Open Banking in the UK through the Retail Banking Market Investigation Order 2017.
What does CMA stand for in Open Banking?
CMA stands for Competition and Markets Authority. It is a fundamental concept in Open Banking and PSD2 regulations. The Competition and Markets Authority is a non-ministerial government department in the United Kingdom, responsible for strengthening business competition and preventing and reducing anti-competitive activities. The CMA mandated Open Banking in the UK through the Retail Banking Market Investigation Order 2017.
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