Hazards of competition restraining agreements between banks: the practice of European Union member states

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

The competition restraining agreements between any entities engaged in economic activities are prohibited by Treaty on the Functioning of the European Union Article 101(1) and Law on Competition of the Republic of Lithuania Article 5. Considering banking sector’s strategic importance and possible consequences of deviating from the rules of fair competition it remains under a magnifying glass. Even applying exemptions for prohibition for banks to constitute competition restraining agreements has its own particularities. In February 2013, the Competition Council of the Republic of Lithuania terminated an investigation of several banks’ compliance with the Competition Law of the Republic of Lithuania Article 5 due to lack of evidence. However, the European Union Member States have other practice worthy of individual analysis as well.
Original languageEnglish
Title of host publicationPractice and research in private and public sector
Subtitle of host publicationinternational scientific conference
Place of PublicationVilnius
PublisherMykolas Romeris University
Pages272-281
Publication statusPublished - 2013
EventPractice and research in private and public sector : international scientific conference - Mykolas Romeris University, Vilnius, Lithuania
Duration: Apr 11 2013Apr 12 2013
Conference number: 3

Publication series

Name
ISSN (Electronic)2029-7378

Conference

ConferencePractice and research in private and public sector
CountryLithuania
CityVilnius
Period4/11/134/12/13

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Keywords

  • Anti-competitive agreements
  • Banking sector
  • Restraints

Cite this

Puksas, A. (2013). Hazards of competition restraining agreements between banks: the practice of European Union member states. In Practice and research in private and public sector: international scientific conference (pp. 272-281). Vilnius: Mykolas Romeris University.