Judging by only economic incentives, Malaysian financial institutions (particularly banks) should completely ignore the Competition Act. The data show that Malaysian banks probably benefit from anticompetitive behaviour. Political and family connections likely facilitate such behaviour. Given...

In the wake of the global financial crisis in 2009 that followed the near collapse of the U.S. financial system in 2008, Obama urged Congress to pass a legislation that will eliminate systemic failure of the financial market. As a result, Democrats in the House passed legislation in December of...

There is no doubt that increased competition improves a country's economic performance, opens business opportunities to its citizens and reduces the cost of goods and services throughout the economy. This fact has been recognised by the governments around the world including India which is...