The financial services sector has been in the sights of the European Commission and competition authorities in the EU Member States for many years. This scrutiny has recently been heightened to a level not seen before.In June 2005, the European Commission, under its new "proactive" competition policy, announced sector inquires into retail insurance and wholesale and retail banking. In the UK, the Competition Commission is currently investigating store cards, the supply of home credit, and banking services in Northern Ireland and the OFT and the Financial Services Authority are investigating payment protection insurance. In the Netherlands, the Dutch Competition Authority recently carried out dawn raids of the financial services sector following indications of serious anti-competitive practices.This conference is focused on bringing your company quickly up to speed in terms of what has happened, what is currently taking place, and what the likely outcome may be of all the increased attention by the competition authorities. It will:
- Explore the application of competition law to the highly regulated sector of financial services
- Provide you with an understanding of competition law concepts and hurdles faced in applying the competition rules to the financial services sector
- Enable you to appreciate the risks involved with competition law inquiries and investigations
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