Competition Commission: Four Proposals to Increase Deposit Interest Rates
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In a market where the four systemic banks control over 90% of deposits, the Competition Commission recommends the introduction of savings accounts with a state-regulated interest rate. In its final report on the Greek banking market, the Authority notes that the European Central Bank’s interest rate increases were only passed on to a limited extent in returns […] The post Competition Commission: Proposal for savings accounts with a state-regulat…
High market concentration, limited pass-through of ECB interest rate increases to deposits and low depositor mobility emerge as the key issues in the Competition Commission's final report on the bank deposit market. Read here ⇛
High market concentration, limited pass-through of ECB interest rate increases to deposits and low depositor mobility are highlighted as key issues in the
It proposes government savings accounts with higher interest rates.
Four measures to enhance competition in the deposit market are proposed by the Competition Commission. From the entry of new players and the French model to new deposit products and the easiest bank change.
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