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An impact analysis on the exemption of the banking sector from the merger control regime in Turkey

Author

Listed:
  • Aydın ÇELEN

    (Rekabet Kurumu)

  • Ekrem KALKAN

    (Rekabet Kurumu)

Abstract

Turkish Banking Act exempts certain bank mergers from the Turkish merger control regime. With this legislation, a large number of the potential bank merger are exempted from obtaining the permission from the Turkish Competition Authority. Turkish Competition Authority and international organizations such as European Commission and OECD object strongly to this exemption. However, no impact analysis on the banking industry exemption has been worked so far neither by regulatory bodies nor academicians. The main motivation of this study is to carry out an impact analysis of the current legislation in order to contribute to the discussions on preserving or abolishing the banking industry exemption. For this aim, we estimate a discrete choice model of demand for loan services and run a series of simulations for hypothetical bank mergers. Our results witness that welfare decreasing effects of the bank mergers covered by the exemption are very low and can be tolerated.

Suggested Citation

  • Aydın ÇELEN & Ekrem KALKAN, 2013. "An impact analysis on the exemption of the banking sector from the merger control regime in Turkey," Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 28(327), pages 09-30.
    • Handle: RePEc:iif:iifjrn:v:28:y:2013:i:327:p:09-30
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    More about this item

    Keywords

    Regulatory Impact Analysis (RIA); Antitrust; Banking; Merger; Simulation; Logit.;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General

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