The Competition Authority (Autoridade da Concorrência or AdC) has recommended that the Bank of Portugal create a comparison tool for bank deposit interest rates. The AdC believes this measure would encourage customer mobility between financial institutions and improve market competition.
Competition Authority proposes bank deposit interest rate comparator
Monday, 20 July 2026AI summary
Context & Explainers
The Competition Authority (Autoridade da Concorrência), commonly called AdC, is Portugal's independent regulator that enforces competition law and advises policymakers. It is pushing for measures like an independent switching entity and IBAN portability to make it easier and cheaper for customers to change banks, which the AdC says would boost competition and lower fees.
