Competition law is a complex and constantly evolving area of law which affects every aspect of the market economy, including the financial services sector. This book is a comprehensive and practical guide to the application of the EU competition rules to banking and insurance industries.
This book is divided into two parts: the first part explores the application of Articles 101, 102 and 107 TFEU to the insurance industry. Emphasis is placed on recent changes which have progressively eroded the block exemption regime that traditionally benefited the insurance industry.
In the second part of the book, focus is on the application of the Articles of TFEU to the banking industry, with specific reference to card payment systems, which give rise to some of the most intricate antitrust issues in the financial services sector. Relevant Commission decisions and European Court of Justice case law are discussed and suggestions are made for an alternative regulatory framework through comparative analysis of US regulations.
This book will be an invaluable reference point for legal practitioners specialising in EU Competition law, as well as postgraduate students and academic researchers working in competition law and the financial services sector.
Dr. Andrea Lista is an Associate Professor in Commercial Law at Southampton Law School. He has worked as a consultant to the European Parliament, law firms and companies. He is also a member of the European Law Research Group.
"Dr Andrea Lista has provided a detailed, well-structured and thought provoking analysis of very topical issues in relation to the enforcement of competition law in the financial services sector. This sector has been at the forefront of the debate in the last few years, especially as a result of the recent financial crisis... Dr Lista's contribution to this debate is very welcome as it provides a coherent assessment of the particularities of the financial sector and of the way that competition policy should be applied in this sector."
- Professor Ioannis Kokkoris, Chair in Law and Economics, School of Law, University of Reading, UK
"Professor Lista contributed a very well-structured and thought provoking book on the thorny issues arising from the enforcement of competition law in the financial services industry. Such a book is likely to become an exceptional point of reference for students, researchers and practitioners of competition law in the field of banking and insurance markets. In few words, it represents a valuable contribution to shed light on the steps to be built in the financial sector for a robust stairway to competition heaven."
- Dr Valerio Torti