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The Commission’s Retail Banking Inquiry: A Chance for More Competition. ECRI Commentaries #1, 1 February 2007

Jentzsch, Nicola. (2007) The Commission’s Retail Banking Inquiry: A Chance for More Competition. ECRI Commentaries #1, 1 February 2007. [Policy Paper]

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    Abstract

    The European Commission’s in-depth inquiry into retail banking is long overdue. Its findings are hardly surprising: for years high fees persisted, market concentration loomed and there was little cross-border competition. Times could now be changing for the better. DG Competition states that it has found ‘widespread competition barriers’ that raise the cost of retail banking, but ‘competition concerns’ are not evidence of breaches of competition law. The Commission must now prove that its claims are not unfounded: the next steps are investigation and prosecution of individual cases.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    EU policies and themes > Policies & related activities > competition policy
    EU policies and themes > Policies & related activities > economic and financial affairs > business/private economic activity
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > ECRI Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 20 Apr 2009
    Number of Pages: 4
    Last Modified: 28 Mar 2012 16:30
    URI: http://aei.pitt.edu/id/eprint/9423

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