Competition Law and UK Retail Banking

28 Pages Posted: 23 Mar 2013

Date Written: 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.

Keywords: antitrust, banking

JEL Classification: K21, L41, G21

Suggested Citation

Graham, Cosmo, Competition Law and UK Retail Banking (March 19, 2013). Available at SSRN: or

Cosmo Graham (Contact Author)

Leicester Law School ( email )

University Road
Leicester LE1 7RH, LE1 7RH
United Kingdom

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