Scroll down to see all the pieces in Prospect’s new report
Despite developments in consumer preferences and payment technology, there is still a great debate between industry, consumers and regulators about what good competition looks like in the banking sector. In an noncompetitive market, people are likely to have less knowledge about their options and thus less choice. Since, a more competitive and transparent market empowers customers to choose, and therefore define, the bank and the type of banking services they want, it is therefore of critical importance that we establish services that aim to include rather than exclude low-income earners and others who do not or cannot exercise choice in the market. Banking on Change is a publication designed to act as a guide for parliamentarians, officials and businesses involved in developing a comprehensive policy approach towards financial inclusion. You can now read all the pieces below. Your most revealing details | Prospect TeamA time for competition | John Glen MP | Economic Secretary to the TreasuryOpen information | Alasdair Smith | Chairman of the CMA's Retail Banking Market InvestigationThe banking society | Andy Davis | Associate Finance Editor, ProspectWhat the voters want | Kevin Hollinrake MP | Member of Parliament for Thirsk and MaltonWe need face-to-face banking | Helen Goodman MP | Member of Parliament for Bishop AucklandEntrepreneurial regulators | Chris Gorst | Challenge Lead for the Open Up Challenge at NestaWhat can technology do? | Anne Pieckielon | Director of Product and Strategy at BacsBeware the left behind | Chris Pond | Vice Chair of the Financial Inclusion CommissionBanking on change: the numbers | Prospect TeamExcluded by the data | Mick McAteer | Co-Director at the Financial Inclusion CentreA person of no account? | Neil Harris | Chief Commercial Officer of Global Processing LimitedBeyond banking | Martin McTague | Policy and Advocacy Chairman at the federation of Small BusinessesPaying up | Paul Uppal | Small Business CommissionerCommunity banking | Guy Opperman MP | Minister for Pensions and Financial InclusionEnter the dragons | Michelle Highman | Chief Executive of the Money CharityFinancial recovery | Katie Evans | Head of Research and Policy at the Money and Mental Health Policy InstituteDon't forget the taxpayer | Peter Dowd MP | Shadow Chief Secretary to the TreasuryBanking on Change is a publication which examines how we can develop a comprehensive policy approach towards financial inclusion. The report features contributions from the likes of John Glen MP, Peter Dowd MP, Anne Pieckielon, Chris Pond and Guy Opperman MP.To find out more about how you can become involved in Prospect’s thought leadership programmes, please contact saskia.abdoh@prospect-magazine.co.uk.If you want to learn more about you can download the whole Banking on Change report as a fully designed PDF document. To do so, simply enter your email below. You’ll receive your copy completely free—within minutes. [prosform fields="email,forename,surname" signupcode="Banking" countrycode="GB" redirect="other/banking-on-change-is-yours"]When you sign up for this free report, you will also join our free Prospect newsletter.Prospect takes your privacy seriously. We promise never to rent or sell your e-mail address to any third party. You can unsubscribe from the Prospect newsletter at any time.
