Research Discussion Papers, Bank of Finland
No 7/2013:
Should competition policy in banking be amended during crises? Lessons from the EU
Iftekhar Hasan ()
and Matej Marinc ()
Abstract: This 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.
Keywords: banking; competition policy; financial crisis; (follow links to similar papers)
JEL-Codes: G21; G28; K21; L40; (follow links to similar papers)
35 pages, May 19, 2013
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- This paper is forthcoming as:
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Hasan, Iftekhar and Matej Marinc, 'Should competition policy in banking be amended during crises? Lessons from the EU', European Journal of Law and Economics.
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