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During the financial crisis many governments aided both the financial and non-financial sectors in their countries on an unprecedented scale. These emergency measures have in some cases taken precedence over competition rules. In particular the fact that governments helped some banks but not others has weakened competition in some markets, with “too big to fail” institutions commanding a higher market share than previously. This has
The OECD conducted an online public consultation on draft high-level principles on consumer protection in the field of financial services which came to an end on 31 August 2011.
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Information exchanges among competitors increase transparency in the market, which can lead to efficiency enhancing benefits but may also present competition risks. The challenge for competition enforcers is how to approach this conduct within the context of traditional competition laws. The assessment of the legality of information sharing is generally carried out within the context of traditional competition law prohibitions against
This book presents the key findings resulting from discussions held at a series of best practice roundtables on competition and procurement.
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What types of policies nations should use to address the threat of global climate change? This document discusses the implications of different market-based policy alternatives and shows that not only competition enforcement and advocacy can make such policies more effective, but that the policies themselves also have effects on competition. An executive summary and an aide-memoire of that discussion as well as an analytical note by
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This document discusses the impact on competition of State Aids and Subsidies are applied by governments as well as the ways to improve the assessment of their impact. It includes a Keynote Speech by the EU Competition Commissioner as well as submissions from Argentina, Croatia, Egypt, the European Union, the Former Yugoslav Republic of Macedonia, India, Jordan, Lithuania, Mongolia, Morocco, Pakistan, Peru, Poland, Romania, the
In recent years, the financial sector has been extensively debated at OECD Competition meetings, thereby bringing together a variety of influential actors such as senior competition officials, market regulators, academics and representatives of the business community. Competition Issues in the Financial Sector 2011 presents the key findings from these discussions into a cohesive narrative. It also includes the executive summaries of
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Credit ratings provide an opinion on the relative ability and willingness of parties with debt obligations to meet financial commitments. They have three functions: to measure the credit risk of the issuer, to provide a means of comparison and to provide a common standard. The credit rating market is a natural oligopoly, with three Credit Rating Agencies (CRAs) accounting for more than 90% of the market. The recent financial crisis
Taking place in Paris on 18-19 February 2010, the 9th OECD Global Forum on Competition will focus on state aids and subsidies and collusion and corruption in public procurement. Participants will also discuss a peer review of Brazil's competition law and policy.
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This workshop addressed abuse of dominance, with discussions focusing on defining the relevant market, barriers to entry, determining whether market power exists, efficiency considerations as well as remedies and sanctions.