European Parliament Library

Italy—Assessing Competition and Efficiency in the Banking System

The paper assesses the degree of banking competition and efficiency in Italy?over time as well as compared to that in other countries, such as France, Germany, Spain, the United Kingdom, and the United States. The paper finds competition in the Italian banking sector has intensified in loan and deposit markets in recent years, but banks still operate in a highcost, high-income system, particularly with respect to retail/services, and efficiency gains have yet to fully materialize. The degree of competition falls within the range of estimates for a set of comparator countries. Greater contestability should act as a powerful force to drive banks to become more competitive and efficient. Competition policy will also continue to be an important consideration, both in enforcing Italy's antitrust laws and in ensuring that the procedures for dealing with weak banks and other merger and acquisition reviews focus on stability and competition objectives
Table Of Contents
Contents; Italy-Assessing Competition and Efficiency in the Banking System; A. Introduction and Key Findings; B. Consolidation and Concentration; Figures; 1. Banking Sector Size and per capita GDP, end-2003; 2. Banking Sector: Total Loans and Stock Market Capitalization, end-2004; Tables; 1. Evolution in Average Scale of Italian Banks on Consolidated Basis; 2. Selected Countries: Market Concentration Indicators; C. Contestability and Costs Indicators; 3. Foreign-Ownership in Banking Sector; 4. Selected Countries: Cost of Banking Services
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (44 p.)
Specific Material Designation
Form Of Item

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