Competition Law and UK Retail Banking
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
Date posted: March 23, 2013