This update covers key developments in the application of competition law to the financial sector in the UK in recent months. In this issue, we focus in particular on the umbrella merchant interchange fees proceedings, the latest developments in ongoing class action cases, competition law enforcement action in both the UK and the EU and an overview of the government’s potential reform of the CMA merger control processes.
27 FEB 2026This update covers key developments in the application of competition law to the financial sector in the UK in recent months. In this issue, we focus in particular on the landmark decision of the Competition Appeal Tribunal in the Mastercard and Visa Merchant Interchange Fee umbrella proceedings and the review of the collective action regime. This update also provides an overview of the government’s policy initiatives with respect to competition in the financial sector proceedings, as well as the Competition and Markets Authority’s and Financial Conduct Authority’s findings in the insurance sector.
25 OCT 2025This update covers key developments in the application of competition law to the financial sector in the UK in recent months. We focus in particular on the recently issued 2025-2026 annual plan of the Competition and Markets Authority (CMA), the Payment Systems Regulator’s (PSR) review into scheme and processing fees and the five-year strategy of the Financial Conduct Authority (FCA).
9 JUN 2025This update covers key developments in the application of competition law to the financial sector in the UK in recent months. In this issue, we focus in particular on the legislative and policy initiatives proposed by regulators for 2025 and the new UK merger control thresholds. This update also provides an overview of the latest developments in the proceedings of both the Merchant Interchange Fee collective action and the euro interest rate derivatives cartel case.
6 MAR 2025This update covers key developments in the application of competition law to the financial sector in the UK in recent months. In this issue, we turn first to recent regulatory developments with an impact on merger control regimes, including the publication of the Digital Markets, Competition and Consumers Act 2024 (DMCC Act), and the publication of proposed revisions to merger control regimes in the UK and the US. We also consider a range of developments across regulatory regimes that touch on the financial sector in both the UK and the EU.
24 OCT 2024This update covers key developments in the application of competition law to the financial sector in the UK in recent months.
1 JUN 2021Matthew Sinclair-Thomson and Sandeep Ravikumar of Kirkland & Ellis (International) LLP review recent UK competition law developments in the financial sector. This update covers key developments in the application of competition law to the financial sector in the UK in recent months. The work of regulators continues to be impacted by COVID-19, but the Financial Conduct Authority (FCA) and the Competition and Markets Authority (CMA) have continued to progress market study work, including a wide-ranging update into all aspects of the loyalty penalty super-complaint investigation.
1 MAR 2021This update covers key developments in the application of competition law to the financial sector in the UK in recent months. In this issue, we focus in particular on the latest developments in ongoing class action cases.
1 NOV 2021Matthew Sinclair-Thomson, Sandeep Ravikumar and Loukia Kopitsa of Kirkland and Ellis (International) LLP review recent UK competition law developments in the financial sector. This update covers key developments in the application of competition law to the financial sector in the UK in recent months. In this issue, we focus in particular on proposals and actions of the Competition and Markets Authority (CMA) for the implementation of an open banking ecosystem in the UK and on the latest developments in ongoing class action and cartel cases.
1 JUN 2022Matthew Sinclair-Thomson, Sandeep Ravikumar and Loukia Kopitsa of Kirkland and Ellis (International) LLP review recent UK competition law developments in the financial sector. This update covers key developments in the application of competition law to the financial sector in the UK in recent months. In this issue, we focus in particular on market studies and enforcement action by the UK’s financial regulators.
1 MAR 2022