Advanced Search
MyIDEAS: Login to save this paper or follow this series

Trans-European Retail Banking: Challenges to New Entrants and Integration in European Retail Banking

Contents:

Author Info

  • Mortimer-Schutts, Ivan
Registered author(s):

    Abstract

    Policy makers continue to be concerned by the lack of integration in European retail banking. Regulatory harmonisation may reduce entry costs, but is unlikely to stimulate enough cross-border competition to bring visible consumer benefits. Competition that fosters real cross-border integration is more likely to be triggered by an outsider that introduces qualitatively different services, business models and technologies to what is still a fairly static, concentrated market structure. This paper discusses the advantages and persistent challenges a new entrant would face if it were to attempt to develop a compelling cross border retail banking service in Europe.Given Brussels' stated preference for a market-led process of integration, single market policy should focus more on removing barriers to innovative new entrants than on efforts to harmonise rules based on existing business models. Competition authorities should be supported in their investigations into regulatory and commercial restrictions on access to payment networks and systems. Further steps towards an EU supervisory authority may also help reduce regulatory uncertainty that weighs disproportionately on banks seeking to introduce new pan-European business models.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://regulation2point0.org/wp-content/plugins/download-monitor/download.php?id=341
    Our checks indicate that this address may not be valid because: 404 Not Found. If this is indeed the case, please notify (Archive Maintainer)
    Download Restriction: no

    Bibliographic Info

    Paper provided by Regulation2point0 in its series Working paper with number 341.

    as in new window
    Length:
    Date of creation: Jun 2006
    Date of revision:
    Handle: RePEc:reg:wpaper:341

    Contact details of provider:
    Web page: http://regulation2point0.org/

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:reg:wpaper:341. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Archive Maintainer).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.