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Competition policy and sector-specific regulation in the financial sector
Hellwig, Martin - 2018
Reforms of financial regulation after the crisis of 2007-2009 raise the question of what is the relation between … financial regulators and competition authorities. Should competition authorities play a role in financial regulation? Should …-specific regulation involves authorities actually prescribing desired modes of behavior. The ongoing nature of relations makes regulators …
Persistent link: https://www.econbiz.de/10011879119
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Competition policy and sector-specific regulation in the financial sector
Hellwig, Martin F. - 2018
Reforms of financial regulation after the crisis of 2007-2009 raise the question of what is the relation between … financial regulators and competition authorities. Should competition authorities play a role in financial regulation? Should …-specific regulation involves authorities actually prescribing desired modes of behavior. The ongoing nature of relations makes regulators …
Persistent link: https://www.econbiz.de/10011985444
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Can the EU Merger Control Regime Regulate Too Big to Fail Banks? Some Problems and a Proposal
Giannino, Michele - 2014
to EC Regulation 139/2004 with taking into account the systemic role that the merged bank may have and which impact such …
Persistent link: https://www.econbiz.de/10013055411
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The impact of merger legislation on bank mergers
Carletti, Elena; Ongena, Steven; Siedlarek, Jan-Peter; … - 2016
We find that stricter merger control legislation increases abnormal announcement returns of targets in bank mergers by 7 percentage points. Analyzing potential explanations for this result, we document an increase in the pre-merger profitability of targets, a decrease in the size of acquirers...
Persistent link: https://www.econbiz.de/10011518760
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Merger Control in the Banking Sector During the Financial Crisis
Grave, Carsten - 2010
This paper analyses the merger control instruments available to overcome a crisis of a company and highlights their role in the 2008/09 global financial market crisis. It concludes that the German merger control regime is well equipped to overcome any (further) banking crisis as long as the...
Persistent link: https://www.econbiz.de/10013138743
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Slippery slopes of stress: ordered failure events in German banking
Koetter, Michael; Kick, Thomas - 2007
Outright bank failures without prior indication of financial instability are very rare. Supervisory authorities monitor banks constantly. Thus, they usually obtain early warning signals that precede ultimate failure and, in fact, banks can be regarded as troubled to varying degrees before...
Persistent link: https://www.econbiz.de/10010295922
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Coup De Froid Sur La Régulation Concurrentielle Du Secteur Bancaire Français, Note Ss. Ca Paris, 23 Février 2012 (Cold Snap on the Regulation of the French Banking Sector by Antitr...
Bosco, David - 2012
Les banques avaient saisi l'occasion du passage à l'euro pour moderniser le traitement des chèques. Un système de traitement dématérialisé remplaça alors le traditionnel échange des chèques en chambre de compensation. Le traitement des chèques s'en trouva moins couteux et plus rapide....
Persistent link: https://www.econbiz.de/10013109331
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Agony of choice : trading off stability and competition in the banking markets
Hellwig, Michael; Laser, Falk Hendrik - 2019 - Preliminary version
We investigate the trade-off between financial stability and competition policy by focusing on the merger of ABN AMRO and Fortis Bank NL in the Dutch retail banking market. The financial crisis delayed the completion of the merger giving rise to anti-competitive behavior in the transitory...
Persistent link: https://www.econbiz.de/10012268034
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Bank mergers in the financial crisis : a competition policy perspective
Hellwig, Michael; Laser, Falk Hendrik - 2019
We analyze a large merger in the Dutch banking market during the financial crisis using disaggregated data. Based on a merger simulation model, we evaluate merger-induced changes in the interest rates for savings accounts. We find that the merging banks decreased interest rates by 3 to 5 percent...
Persistent link: https://www.econbiz.de/10012118754