Competition and Markets Authority (CMA)

Glossary

Banking

Competition and Markets Authority (CMA)

The CMA is the UK government’s primary competition and consumer authority. It is an independent government department with responsibility for carrying out investigations into mergers to ensure they don’t reduce competition, and into entire markets that are perceived to have competition or consumer problems. The CMA can take action against businesses and individuals that engage in cartel-like or anti-competitive behaviour, and it seeks to protect consumers from unfair trading.

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