Should Competition Policy in Banking be Amended During Crises? Lessons from the EU

38 Pages Posted: 5 Jul 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: May 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, L40

Suggested Citation

Hasan, Iftekhar and Marinc, Matej, Should Competition Policy in Banking be Amended During Crises? Lessons from the EU (May 17, 2013). European Journal of Law and Economics, Forthcoming; Bank of Finland Research Discussion Paper No. 7/2013. Available at SSRN: https://ssrn.com/abstract=2289748 or http://dx.doi.org/10.2139/ssrn.2289748

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

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