Mr Fingleton said that if no real change was seen from the banks, a "more radical approach" would have to be considered.

BBC: OFT warns banks to change or face competition probe

This has been acknowledged by Mr Fingleton in his speech today.

BBC: OFT warns banks to change or face competition probe

Mr Fingleton's speech points out that the Cruikshank report into competition in UK banking - the first of many - was conducted as long ago as 2000.

BBC: OFT warns banks to change or face competition probe

The ICB report concluded that if the market had not changed by 2015, a Competition Commission referral should be actively considered, something Mr Fingleton endorsed in this speech.

BBC: OFT warns banks to change or face competition probe

"Our study has raised significant concerns about the UK dentistry market which need to be tackled quickly in the interest of patients, " said John Fingleton, the OFT's chief executive.

BBC: Dentistry 'needs urgent reform' says OFT

The lamp, which packs flat for easy storage and self-assembly, is the brainchild of Klickity, a line of home-accessory products founded in 2011 by Irish women Kate Cronin and Elizabeth Fingleton.

BBC: A wave of independent shops in Dublin

"The issue of bank current account charges is a matter of real concern to the banks' customers, and raises wider questions about competition and transparency of pricing, " said Mr Fingleton.

BBC: NEWS | Business | Study launched into bank charges