TSB Banking Group’s chairman Will Samuel sought Britain’s Competition and Markets Authority to start a probe into banking the sector.
Addressing a banking conference in London, Samuel said: "We hope that the CMA will push ahead with a full market review focusing on substantive structural reforms as well as behavioural remedies. What we want to see is effective competition in retail banking."
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At present, Britain’s competition watchdog is consulting on whether to carry out investigations into the personal current account and small business banking markets, reports Reuters.
TSB Banking Group operates through two segments – TSB Franchise and Mortgage Enhancement, and offers retail banking services to retail and small business banking customers in the UK.
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