In the light of the country submissions and the oral discussion, the following points emerge: (1) The last two decades have witnessed a significant change in banking regulation. On the one hand, there has been a substantial relaxation in certain regulations such as direct controls on interest rates, fees and commissions, as well as restrictions on lines of business, ownership and portfolios. On the other hand, there has been a strengthening of prudential regulation focused on controls on the capital or “own funds” of banks and an expansion of the number and coverage of deposit insurance schemes. A few countries retain regulations which may restrict competition and are no longer viewed as necessary from a prudential perspective. All countries reported significant deregulatory moves in
The OECD holds a roundtable on enhancing the role of competition in the regulation of banks
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