Antitrust, competition policy and ‘too big to … ’

Albert A Foer and Don Allen Resnikoff

Journal of Banking Regulation, 2014, vol. 15, issue 3-4, 299-312

Abstract: This article asks: What is the relation between the size of financial institutions and (a) the economic downturn and (b) antitrust and competition policy? The article compares the roles of competition policy in the European Union and the United States during the financial crisis, showing that it played a significant role in the former but not in the latter. Finally, the article urges that competition advocacy be provided an enlarged role in the United States on all matters that are likely to substantially affect the structure of the financial services industry, including the economic implications of the undue concentration of economic power, broadly understood.

Date: 2014
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