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Wettbewerbspolitik àla UBS

Author

Listed:
  • Damien NEVEN
  • Thomas VON UNGERN-STERNBERG

Abstract

In a previous paper we have shown that the UBS-SBC merger would lead to an excessive concentration in the credit market for small and medium companies. The UBS has reacted to this paper in a series of letters to the Swiss competition authorities. We critically examine the content of these replies with special reference to the policies applied in the US and Germany with respect to banking mergers. We find that the planned merger would have no chance of obtaining a clearing in either of these countries, unless strong remedies such as the selling of one of the two retail networks on the domestic market.

Suggested Citation

  • Damien NEVEN & Thomas VON UNGERN-STERNBERG, 1998. "Wettbewerbspolitik àla UBS," Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) 9807, Université de Lausanne, Faculté des HEC, DEEP.
  • Handle: RePEc:lau:crdeep:9807
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    File URL: http://www.hec.unil.ch/deep/textes/9807.pdf
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    References listed on IDEAS

    as
    1. Hannan, Timothy H., 1991. "Bank commercial loan markets and the role of market structure: evidence from surveys of commercial lending," Journal of Banking & Finance, Elsevier, vol. 15(1), pages 133-149, February.
    2. Myron L. Kwast & Martha Starr-McCluer & John D. Wolken, 1997. "Market definition and the analysis of antitrust in banking," Finance and Economics Discussion Series 1997-52, Board of Governors of the Federal Reserve System (U.S.).
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    UBS-SBC merger; concentration; barriers to entry; local markets;

    JEL classification:

    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices
    • L44 - Industrial Organization - - Antitrust Issues and Policies - - - Antitrust Policy and Public Enterprise, Nonprofit Institutions, and Professional Organizations

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