The OECD holds a roundtable on competition and financial markets

Competition issues in the financial sector (1) The financial sector is at the heart of every well-functioning market economy but it is also vulnerable to systemic loss of trust. The financial sector is special. Banks perform intermediation functions that are critical to the real economy. In particular, they correct the asymmetry of information between investors and borrowers and channel savings into investments. These functions facilitate and contribute to the growth of the economy. Linkages between banks through inter-bank markets and payment systems are vital to the functioning of financial markets. The loss of confidence in one major financial institution in a financial crisis can snowball into a loss of confidence in the entire market because the inability of one bank to meet

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  • OECD - Competition Division (Paris)

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OECD, The OECD holds a roundtable on competition and financial markets, 17 February 2009, e-Competitions February 2009, Art. N° 85659

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