The EU Commission identifies in its sector inquiry widespread competition barriers in retail banking

"Sector Inquiry Identifies Widespread Competition Barriers in Retail Banking"* On 31 January 2007 the European Commission published the Final Report of its sector inquiry into European retail banking markets [1]. The inquiry has identified a number of deficiencies in the way these markets work that cause higher cost for consumers and small businesses and deter entry by new players. These deficiencies concern the markets for payment cards, (non-card) payment systems and certain core retail banking products. Particular indicators are large variations in merchant and interchange fees for payment cards, barriers to entry in the markets for payment systems and credit registers as well as obstacles to customer mobility and product tying. On 31 January 2007 the Commission also adopted a

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Authors

  • BEUC (Brussels)
  • DG COMP (Brussels)
  • DG COMP (Brussels)
  • DG COMP (Brussels)
  • DG COMP (Brussels)
  • European Food Safety Authority (EFSA)
  • DG COMP (Brussels)
  • Association for Financial Markets in Europe (AFME)
  • DG COMP (Brussels)

Quotation

Jean Allix, Lukas Repa, Elke Graeper, Agata Malczewska, Antonio Carlos Teixeira, Elena Caprioli, Tanya Panova, Paul McGhee, Andras Janecsko, The EU Commission identifies in its sector inquiry widespread competition barriers in retail banking, 31 January 2007, e-Competitions January 2007, Art. N° 36256

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