Which? response to Ed Miliband speech on banking

Richard Lloyd, executive director of Which? said:

“We desperately need to see greater competition and innovation in banking for this market to work better for consumers. But forcing the disposal of branches is not a silver bullet. After all, someone has to want to buy them. The real priority for the regulators is to use their new powers to make it easier for new challenger banks to give people a genuine choice, make sure the payments system is fit for purpose and make banks release data to help consumers find the right bank for them.”