Should competition policy in banking be amended during crises? Lessons from the EU
AbstractThis article investigates the nexus of competition and stability in European banking. It analyzes the European legal framework for competition policy in banking and several cases that pertain to anti-cartel policy, merger policy, and state-aid control. It discusses whether and how competition policy should be amended in order to preserve the stability of the banking system during crises. The article argues for increased cooperation between prudential regulators and competition authorities, as well as an enhanced framework for bank regulation, supervision, and resolution that could mitigate the need to change competition policy in crisis times.
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Bibliographic InfoPaper provided by Bank of Finland in its series Research Discussion Papers with number 7/2013.
Length: 35 pages
Date of creation: 19 May 2013
Date of revision:
Publication status: Forthcoming as Hasan, Iftekhar and Matej Marinc, 'Should competition policy in banking be amended during crises? Lessons from the EU' in European Journal of Law and Economics .
banking; competition policy; financial crisis;
Find related papers by JEL classification:
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
- L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-07-15 (All new papers)
- NEP-BAN-2013-07-15 (Banking)
- NEP-CBA-2013-07-15 (Central Banking)
- NEP-CFN-2013-07-15 (Corporate Finance)
- NEP-COM-2013-07-15 (Industrial Competition)
- NEP-HME-2013-07-15 (Heterodox Microeconomics)
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