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Competition and regulation in retail banking

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Abstract

The Competition Committee debated retail banking in October 2006. Competition can improve the functioning of the retail banking sector without harming prudential regulation. The efficient functioning of the sector is important for economic performance. The sector is considered special primarily because of externalities related to potential “contagion” effects stemming from (i) the withdrawal-upondemand characteristic of some bank deposits and (ii) the role banks play in the payment system, and (iii) the fact that banks are important for the funding of consumers and SMEs. Customer mobility and choice is essential to simulate retail-banking competition. An important observation is that the degree of customer mobility is low and the longevity of customer-bank relationships is long. Financial information sharing platforms should therefore be promoted and, where limited by privacy laws, privacy laws should be modified in a way that maintains the goal of protecting privacy while also allowing consumers to receive the benefits of credit ratings.

Suggested Citation

  • Oecd, 2011. "Competition and regulation in retail banking," OECD Journal: Competition Law and Policy, OECD Publishing, vol. 11(3), pages 101-165.
    • Handle: RePEc:oec:dafkaa:5kg9q0zk2wq2
    DOI: 10.1787/clp-11-5kg9q0zk2wq2
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    Cited by:

    1. Sana Rhoudri & Lotfi Benazzou, 2021. "Predictive Factors of Withdrawal Behavior among Profit-Sharing Investment Depositors in Morocco: A Qualitative Study from the Perspective of Push-Pull-Mooring Framework," Post-Print hal-03328276, HAL.
    2. Iheanachor, Nkemdilim & David-West, Yinka & Umukoro, Immanuel Ovemeso, 2021. "Business model innovation at the bottom of the pyramid – A case of mobile money agents," Journal of Business Research, Elsevier, vol. 127(C), pages 96-107.
    3. Giuseppe Campa & Valeria De Bonis, 2014. "Two Crucial Features in Cosciani?s Thought," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2014(3), pages 113-121.
    4. Daniela Fundeanu & Cosmin Sandu Badele, 2014. "The Cluster, Strategic Model Of Competitiveness In Tourism," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(42), pages 165-173.
    5. Judy Taylor & Gary Magee, 2017. "In the Aftermath: Consumer Choice and the Deregulation of Australian Retail Banking, 1988–1993," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 57(2), pages 134-157, July.

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