Download this Paper Open PDF in Browser

Should Competition Policy in Banking Be Amended during Crises? Lessons from the EU

35 Pages Posted: 6 Feb 2013 Last revised: 18 Apr 2013

Iftekhar Hasan

Gabelli School of Business, Fordham University; Bank of Finland

Matej Marinc

University of Ljubljana - Faculty of Economics

Multiple version iconThere are 2 versions of this paper

Date Written: April 17, 2013

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

JEL Classification: G21, G28, K21, K23, L40

Suggested Citation

Hasan, Iftekhar and Marinc, Matej, Should Competition Policy in Banking Be Amended during Crises? Lessons from the EU (April 17, 2013). European Journal of Law and Economics, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2212468 or http://dx.doi.org/10.2139/ssrn.2212468

Iftekhar Hasan

Gabelli School of Business, Fordham University ( email )

Rose Hill Campus Bronx
New York, NY 10458
United States

Bank of Finland ( email )

P.O. Box 160
Helsinki 00101
Finland

Matej Marinc (Contact Author)

University of Ljubljana - Faculty of Economics ( email )

Kardeljeva ploscad 17
Ljubljana, 1000
Slovenia

Paper statistics

Downloads
152
Rank
90,712
Abstract Views
690