Competition Law And Financial Services

Author : David Harrison
Publisher : Routledge
Page : 147 pages
File Size : 46,5 Mb
Release : 2014-03-14
Category : Law
ISBN : 9781134090860

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Competition Law and Financial Services by David Harrison Pdf

Competition law underpins the market economy by prohibiting anti-competitive agreements and practices, and the abuse of dominant positions in the market. Until the financial crisis it was widely assumed that the financial services industry was highly competitive. This book explores the extent to which this is the case. By analysing crisis and pre-crisis competition law cases and examples from the UK, the EU and around the world, David Harrison asks whether there exists good reason for financial services to be treated differently from the rest of the market economy. The theory of market efficiency is not borne out in practice. He particularly draws upon John Maynard Keynes in examining the differences between price mechanisms in product markets for "normal" goods, and price mechanisms in financial and investment markets where expectations of the future tend to play a greater role, leading to greater price fluctuations. In this evaluation, the book examines aspects of the practical functioning of capital markets such as the phenomenon of herding behaviour by financial participants, how short-term behaviour by intermediaries can be to the disadvantage of savers and productive investment, the relationship between investment markets and product markets and the extent to which the same competition rules apply to undertakings involved in both. The book will be invaluable to students, researchers and practitioners of banking and finance law, and commercial and competition law. .

Author : David M. Harrison
Publisher : Routledge Research in Finance
Page : 0 pages
File Size : 52,8 Mb
Release : 2014
Category : Business & Economics
ISBN : 0415828813

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Competition Law and Financial Services by David M. Harrison Pdf

Competition law underpins the market economy by prohibiting anti-competitive agreements and practices, and the abuse of dominant positions in the market. Until the financial crisis it was widely assumed that the financial services industry was highly competitive. This book explores the extent to which this is the case. By analysing crisis and pre-crisis competition law cases and examples from the UK, the EU and around the world, David Harrison asks whether there exists good reason for financial services to be treated differently from the rest of the market economy. The theory of market efficiency is not borne out in practice. He particularly draws upon John Maynard Keynes in examining the differences between price mechanisms in product markets for "normal" goods, and price mechanisms in financial and investment markets where expectations of the future tend to play a greater role, leading to greater price fluctuations. In this evaluation, the book examines aspects of the practical functioning of capital markets such as the phenomenon of herding behaviour by financial participants, how short-term behaviour by intermediaries can be to the disadvantage of savers and productive investment, the relationship between investment markets and product markets and the extent to which the same competition rules apply to undertakings involved in both. The book will be invaluable to students, researchers and practitioners of banking and finance law, and commercial and competition law. .

Author : Andrea Lista
Publisher : Taylor & Francis
Page : 440 pages
File Size : 40,8 Mb
Release : 2013-06-07
Category : Law
ISBN : 9781135044640

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EU Competition Law and the Financial Services Sector by Andrea Lista Pdf

Competition law is a complex and constantly evolving area of law which affects every aspect of the market economy, including the financial services sector. This book is a comprehensive and practical guide to the application of the EU competition rules to banking and insurance industries. This book is divided into two parts: the first part explores the application of Articles 101, 102 and 107 TFEU to the insurance industry. Emphasis is placed on recent changes which have progressively eroded the block exemption regime that traditionally benefited the insurance industry. In the second part of the book, focus is on the application of the Articles of TFEU to the banking industry, with specific reference to card payment systems, which give rise to some of the most intricate antitrust issues in the financial services sector. Relevant Commission decisions and European Court of Justice case law are discussed and suggestions are made for an alternative regulatory framework through comparative analysis of US regulations. This book will be an invaluable reference point for legal practitioners specialising in EU Competition law, as well as postgraduate students and academic researchers working in competition law and the financial services sector.

Author : D. G. McFetridge,Task Force on the Future of the Canadian Financial Services Sector
Publisher : Task Force
Page : 157 pages
File Size : 49,7 Mb
Release : 1998-01-01
Category : Bank mergers
ISBN : 0662271416

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Competition Policy Issues by D. G. McFetridge,Task Force on the Future of the Canadian Financial Services Sector Pdf

Author : Federico Ferretti
Publisher : Springer
Page : 135 pages
File Size : 41,8 Mb
Release : 2014-07-24
Category : Law
ISBN : 9783319089065

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EU Competition Law, the Consumer Interest and Data Protection by Federico Ferretti Pdf

The legitimacy or illegitimacy of information exchanges between competitors remains a topical debate with regard to EU competition law and policy. This book reexamines the issue in the retail financial services sector, focusing on the peculiar problems that it poses for EU market integration, consumer policy and protection and the intersection with fundamental rights. It analyzes and reflects on the relevant case law and guidelines offered by the corresponding European authorities, providing a critique of the current approach and advancing the proposition that information markets themselves need attention, in addition to the markets that they serve. The book also advances new perspectives on cases in which consumers’ personal information is involved in the exchange, recognizing the inevitable interaction between EU competition law, the interests and protection of consumers and personal data protection. It suggests that the status quo under competition law is unsatisfactorily short sighted and that the EU should take a holistic approach (including information markets) to the analysis of competition law, reflecting consumer protection and fundamental rights aspects in the assessment.

Author : Calvin S. Goldman,J. D. Bodrug
Publisher : Juris Publishing, Inc.
Page : 1264 pages
File Size : 41,9 Mb
Release : 2013-12-01
Category : Business & Economics
ISBN : 9781578230969

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Competition Law of Canada by Calvin S. Goldman,J. D. Bodrug Pdf

Written by leading members of the Competition Practice Groups of Davies Ward Phillps & Vineberg LLP and Blake Cassels & Graydon LLP, Competition Law of Canada is the definitive work on the subject and is recognized by the Canadian legal Expert Directory 2002 as most frequently cited as the leading loose leaf service on Canadian competiton law. Organized in a logical, easily accessible format, this work provides comprehensive analysis, historical perspective and practical examination of Canadian competition law. All the major areas of competition law are examined in individual detailed chapters.

Author : United States. Congress. House. Committee on Banking and Financial Services
Publisher : Unknown
Page : 30 pages
File Size : 45,6 Mb
Release : 1997
Category : Banking law
ISBN : PURD:32754067087514

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Financial Services Competition Act of 1997 by United States. Congress. House. Committee on Banking and Financial Services Pdf

Author : Konstantinos Stylianou,Marios Iacovides,Björn Lundqvist
Publisher : Bloomsbury Publishing
Page : 379 pages
File Size : 48,6 Mb
Release : 2023-10-05
Category : Law
ISBN : 9781509963348

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Fintech Competition by Konstantinos Stylianou,Marios Iacovides,Björn Lundqvist Pdf

This open access book is the first to systematically explore competition policy in fintech markets. Drawing from the expertise of law scholars, economists, and social and natural scientists from the EU and the US, this edited collection explores the competitive dynamics, market organisation, and competition law application in fintech markets. It is the 17th volume in the Swedish Studies in European Law series. The eBook editions of this book are available open access under a CC BY-NC-ND 4.0 licence on bloomsburycollections.com. Open access was funded by the Swedish Network for European Legal Studies.

Author : Eilís Ferran,Charles Albert Eric Goodhart
Publisher : Hart Publishing
Page : 357 pages
File Size : 44,9 Mb
Release : 2001-09-11
Category : Law
ISBN : 9781841132792

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Regulating Financial Services and Markets in the 21st Century by Eilís Ferran,Charles Albert Eric Goodhart Pdf

The essays in this work offer a high-level examination of the most important issues facing financial services regulation,and the far-reaching effects of the Financial Services and Markets Act 2000 on the UK financial sector in the context of rapid global change. Taking an interdisciplinary approach the book includes contributions by many distinguished academic authorities on the law and economics of regulation, and also some of the most influential practitioners, regulators and policymakers. As such it provides an authoritative analysis of the underlying issues affecting the broad development of financial services regulation: the objectives of regulation, the responsibilities of the regulated community, the accountability of regulators, the regulation of electronic financial markets and the impact of stock market mergers, regional regulation within Europe, and the development of global financial regulation.

Author : Oecd Publishing,Organisation for Economic Co-operation and Development Staff
Publisher : Organization for Economic
Page : 188 pages
File Size : 47,5 Mb
Release : 2001
Category : Business & Economics
ISBN : 9264175857

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OECD Journal of Competition Law and Policy: Volume 2 by Oecd Publishing,Organisation for Economic Co-operation and Development Staff Pdf

Mergers in Financial services - Executive Summary Background Note Gary Hewitt Summary of the discussion Country contributions - Enhancing the Role of Competition in the Regulation of Banks - Executive Summary Summary of discussion Country cont

Author : Manfred Neumann,Jürgen Weigand
Publisher : Edward Elgar Publishing
Page : 366 pages
File Size : 42,8 Mb
Release : 2004
Category : Business & Economics
ISBN : UCSC:32106018371028

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The International Handbook of Competition by Manfred Neumann,Jürgen Weigand Pdf

This indispensable Handbook examines both economic and legal aspects of competition policy and industrial organization. It provides a scholarly review of the state of the art regarding economic theory, empirical evidence and standards of legal evaluation. The book aims primarily at furthering our understanding of the interplay between economic reasoning and legal expertise by concentrating on the fundamental issues and principles underlying competition policy. Following a comprehensive introduction, the authors investigate a number of important themes including: the natural limits of competition efficiency versus market power small firms, innovation and competition trade policy and competition policy financial services the political economy of antitrust dominance and monopolization identifying anti-trust markets competition policy versus regulation competition policy in a globalized economy. Each of the specially commissioned chapters, written by leading authorities in the field, provides a stimulating exploration of the intricacies of competition policy. The book will be accessible to a wide audience including students of economics and law, public administrators, lawyers, consultants and business managers. It will also be of particular interest to policymakers in EU accession countries who are required to introduce an appropriate legal framework to implement EU competition policy.

Author : R. S. Khemani
Publisher : World Bank Publications
Page : 172 pages
File Size : 41,6 Mb
Release : 1999
Category : Law
ISBN : 0821342886

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A Framework for the Design and Implementation of Competition Law and Policy by R. S. Khemani Pdf

A dynamic and competitive environment, underpinned by competition law policy, is an essential characteristic of successful market economies. To satisfy the growing demand for information on current approaches and practices in competition law policy, the project "Framework for the Design and Implementation of Competition Law-Policy" was initiated by the World Bank, with participation by OECD. This ensuing volume reflects the main issues that arise in design and implementation of competition law and policy in order to assist countries in developing an approach that suits their own needs and conditions. The views articulated in this publication suggest that the administration and enforcement of competition law policy should assign the greatest importance to fostering economic efficiency and consumer welfare.

Author : S. Kerry Cooper,Donald R. Fraser
Publisher : Unknown
Page : 304 pages
File Size : 52,5 Mb
Release : 1984
Category : Business & Economics
ISBN : UCAL:B4420784

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Banking Deregulation and the New Competition in Financial Services by S. Kerry Cooper,Donald R. Fraser Pdf

Author : George N. Addy
Publisher : Unknown
Page : 128 pages
File Size : 55,6 Mb
Release : 2024-07-02
Category : Antitrust law
ISBN : 0888043244

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Competition Law Service by George N. Addy Pdf

Author : David Harrison
Publisher : Routledge
Page : 132 pages
File Size : 47,7 Mb
Release : 2014-03-14
Category : Law
ISBN : 9781134090792

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Competition Law and Financial Services by David Harrison Pdf

Competition law underpins the market economy by prohibiting anti-competitive agreements and practices, and the abuse of dominant positions in the market. Until the financial crisis it was widely assumed that the financial services industry was highly competitive. This book explores the extent to which this is the case. By analysing crisis and pre-crisis competition law cases and examples from the UK, the EU and around the world, David Harrison asks whether there exists good reason for financial services to be treated differently from the rest of the market economy. The theory of market efficiency is not borne out in practice. He particularly draws upon John Maynard Keynes in examining the differences between price mechanisms in product markets for "normal" goods, and price mechanisms in financial and investment markets where expectations of the future tend to play a greater role, leading to greater price fluctuations. In this evaluation, the book examines aspects of the practical functioning of capital markets such as the phenomenon of herding behaviour by financial participants, how short-term behaviour by intermediaries can be to the disadvantage of savers and productive investment, the relationship between investment markets and product markets and the extent to which the same competition rules apply to undertakings involved in both. The book will be invaluable to students, researchers and practitioners of banking and finance law, and commercial and competition law. .