LONDON, June 17 (Reuters) - A review into the pricing ofcurrent accounts by Britain's competition watchdog uses datathat is "wrong, not robust and contains material inaccuracies",Lloyds Banking Group said on Friday.
More than 40 banks, financial services firms and consumergroups have responded to the Competition and Markets Authority's(CMA) provisional decision on so-called remedies aimed atboosting competition, but Friday's comments from Lloyds are themost scathing so far from a leading lender.
Lloyds said the CMA review overestimated the average pricescharged on its accounts by up to 90 percent in some cases.
"If the CMA is not able to correct its analysis in theremaining time, then it cannot present its pricing estimates inits final report," Lloyds said.
A spokesman for the CMA had no immediate comment.
Larger lenders including HSBC and Barclays have so far been largely supportive of the proposed measures intheir responses, though both have said the timeline forimplementation may be unrealistic.
Smaller banks have been more vocal in criticism, saying themeasures do not go far enough.
(Reporting By Lawrence White and Andrew MacAskill; Editing byDavid Goodman)