The Banking Conundrum
Whereas central bankers and regulators tend to worry that too much competition in the financial sector increases instability and the risk of systemic failure, competition authorities tend to believe that the more competition, the better. Both can’t be right.
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BARCELONA – Central bankers and regulators tend to worry that too much competition in the financial sector increases instability and the risk of systemic failure. Competition authorities, on the other hand, tend to believe that the more competition, the better. Both can’t be right.