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ARTICLE · 18 SEPTEMBER 2008

Banking Enquiry Report Released

Norton Rose Fulbright South Africa
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The Competition Commission released a 44-page executive summary of the Banking Enquiry Report at a press conference in Pretoria on 25th June.

South AfricaCorporate/Commercial Law
Geoff Parr
Geoff Parr

The Competition Commission released a 44-page executive summary of the Banking Enquiry Report at a press conference in Pretoria on 25th June. The full report runs to 588 pages, but will only be released (in a sanitised form) once the banks have had a chance to remove confidential information or to waive their confidentiality claims. The Enquiry was conducted on behalf of the Commission by a Panel chaired by Judge Jali, assisted by a Technical Team, and primarily addressed bank charges, access to the payments system, and interchange. 267 submissions were received, 151 from stakeholders. There were 21 days of hearings during the two-year Enquiry.

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