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The Impact of the Single Market Programme on EU Banking

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  • Gardener
  • Molyneux
  • Moore

Abstract

Select findings from a recent research project on EU credit institutions and banking are summarised. This project was part of a major review of the Single Market undertaken during 1996 by the European Commission; 39 separate reports within this review constituted the first extensive analysis of the impact and effectiveness of the Single Market Programme (SMP). A variety of research techniques were deployed in order to assess the impact of the SMP on the performance and strategic reactions of the banking and credit sector. A major finding is that the SMP appears to have been a significant contributory factor in shaping a new, more market-orientated strategic mindset by EU bankers. In particular the focal point of banking strategies has shifted away from collusion and regulatory capture towards competition and a greater emphasis on the role and demands of the external market.

Suggested Citation

  • Gardener & Molyneux & Moore, 2001. "The Impact of the Single Market Programme on EU Banking," The Service Industries Journal, Taylor & Francis Journals, vol. 21(2), pages 47-70, April.
  • Handle: RePEc:taf:servic:v:21:y:2001:i:2:p:47-70
    DOI: 10.1080/714005016
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    1. Xu, Yanfeng & Bright, Charlotte Lyn & Ahn, Haksoon & Huang, Hui & Shaw, Terry, 2020. "A new kinship typology and factors associated with receiving financial assistance in kinship care," Children and Youth Services Review, Elsevier, vol. 110(C).

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