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Article: OFT publishes report on Northern Rock.
- Article from:
- M2 Presswire
- Article date:
- March 10, 2009
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M2 PRESSWIRE-10 March 2009-UK Government: OFT publishes report on Northern Rock(C)1994-2009 M2 COMMUNICATIONS LTD
RDATE:10032009
The OFT has today published its report on the impacts of public support for Northern Rock on competition in financial services.
The report fulfils a Government commitment given to Parliament during the passage of legislation to nationalise Northern Rock in February 2008. This stated that the OFT would publish an annual report assessing any competitive implications of public support for Northern Rock.
The OFT considered two possible areas of concern arising from public support for Northern Rock. Firstly, that ...