Competition Law and UK Retail Banking

Cosmo Graham

University of Leicester - School of Law

March 19, 2013

This paper examines the application of competition law and policy to retail banking in the UK primarily from 2000 until the present. Retail banking markets are characterised by high concentration, low levels of switching, a lack of transparency of pricing and significant entry barriers. The paper examines all these areas and finds that UK competition authorities have concentrated on switching and transparency measures although there are characteristics of consumer behaviour that are likely to limit the effectiveness of this approach. Since the financial crisis concentration in the industry has increased because of governmental decisions. Entry barriers remain significant.

Number of Pages in PDF File: 28

Keywords: antitrust, banking

JEL Classification: K21, L41, G21

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Date posted: March 23, 2013  

Suggested Citation

Graham, Cosmo, Competition Law and UK Retail Banking (March 19, 2013). Available at SSRN: https://ssrn.com/abstract=2236745 or http://dx.doi.org/10.2139/ssrn.2236745

Contact Information

Cosmo Graham (Contact Author)
University of Leicester - School of Law ( email )
University Road
Leicester LE1 7RH, LE1 7RH
United Kingdom

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