Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent discussions he has had with the Conduct and Markets Authority on the (a) findings and (b) implications for open banking and consumer trust of the Open Banking Limited Independent Investigation report, published on 1 October 2021.

The recent independent investigation led by Alison White raised significant issues around the governance and operations of the Open Banking Implementation Entity (OBIE). The Government welcomes the steps being taken by the Competition and Markets Authority and the new OBIE Chair and Trustee, Charlotte Crosswell, to address these issues.

Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel.