Craig Donaldson, CEO of Metro Bank comments on today’s interim findings of the CMAs ‘Retail Banking Market Investigation: “As the UK’s first new bank in more than 100 years, we welcome any measures to increase competition in the sector. The interim findings in today’s CMA report are a good first step but there’s still a huge job to do to create a truly competitive market. Banks like Metro Bank exist to offer customers a genuine alternative to the traditional banks, but in order for us to compete on a level playing field more needs to be done around promoting and delivering a seamless seven day switching service for both personal and business customers and reviewing of the different capital requirements applied to the large incumbents versus the new challengers.”