An open banking initiative funded by the UK’s nine biggest banks has appointed former Lloyds and Halifax lawyer Marcus Ezekiel as its first general counsel, Legal Business has learned.
The Open Banking Implementation Entity was founded in August last year as a result of a Competition and Markets Authority (CMA) report into retail banking in 2016. The group is funded by the UK’s biggest banks, including Lloyds Banking Group, RBS, HSBC, Barclays, Nationwide and Santander. Hogan Lovells is acting as the group’s sole external legal adviser.
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