Competition Policy For Financial Crisis Essay - 1980 Words

TABLE OF CONTENTS 1.0 EXECUTIVE SUMMARY OF REPORT 2.0 OBJECTIVE OF REPORT 3.0 INTRODUCTION 3.1 WHAT IS COMPETITION POLICY 3.2 COMPETITION POLICIES ACROSS INDUSTRIES IN VARIOUS JURISDICTIONS. 4.0 PERSPECTIVES OF COMPETITION POLICY IN GLOBAL BANKING 4.1 RATIONALE EXEMPTING BANKING INDUSTRY FROM THE FULL RIGOUR OF COMPETITION POLICY 5.0 DEVELOPMENTS IN COMPETITION POLICY IN RESPONSE TO THE FINANCIAL CRISIS OF LATE 2000s 6.0 CONCLUSION AND RECOMMENDATIONS 7.0 APPENDICES 8.0 BIBLIOGRAPHY ASSIGNMENT QUESTION In the past and in many jurisdictions, the banking industry has been exempted from the full rigours of competition policy, owing to concerns that competition in banking might be harmful to the stability of the financial system. Critically evaluate the rationale for such an exemption, and examine developments in thinking concerning the application of competition policy to financial services following the financial crisis of the late-2000s. 1.0 EXECUTIVE SUMMARY While competition laws are put in place to prevent restrictive practices as well as limit or eliminate the activities of Cartels from forming large Corporations that would deprive product consumers from exercising their rights and ultimately jeopardise the overall public interests, financial institutions all over the world have evolved into what I call a ‘Cosmic Pecuniary’. The developments in various fields especially in technology have brought about variousShow MoreRelatedTheu.s. Housing Market And The U.s. Financial Crisis1448 Words   |  6 Pagesbetween 2007 and 2009, led to the biggest global financial crisis. The impact of this crisis extended over the world, and the economies of many countries were damaged. 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