Lista (commercial law, U. of Southampton, England) provides an introduction to the application of European Union competition law to the banking and insurance industries. He begins by introducing the foundational principles of EU competition law and how they interact with the financial services sector. He then details the application of Articles 101, 102, and 107 of the Treaty on the Functioning of the European Union (TFEU) to the insurance industry, focusing in particular on recent changes that have eroded the block exemption regime, which had previously served to benefit the insurance industry. Finally, he turns to the application of the articles of the TFEU to banking, discussing card payment systems and associated antitrust issues, relevant European Commission decisions and European Court of Justice case law, and comparative analysis of US regulations for their lessons for a possible alternative regulatory framework. Annotation ©2013 Book News, Inc., Portland, OR (booknews.com)
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.
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