The financial services industry and the energy market are both to be subjected
to an in-depth analysis by the European Commission. These are areas where the
Commission suspects there to be antitrust issues, such as barriers to entry
and stifled price competition. Parts of the financial services sector that
will be under the looking glass include business and retail insurance and wholesale
and retail banking. The power of the watchdog to conduct these types of wide-ranging
examinations stems from the Modernisation Regulation (Regulation 1/2003), which
gives it the right to request information, take statements and conduct inspections.
Sector investigations may produce a wide range of outcomes and the market is
being looked at as a whole to single out any type of competition problems which
might be present. The Commission or indeed a member state may use the findings
of the study to open proceedings into individual firms.

Back to Search