Review of Industrial Organization

, Volume 55, Issue 1, pp 27–46 | Cite as

Competition Policy in Banking in the European Union

  • Joaquín Maudos
  • Xavier VivesEmail author


We examine the evolution of competition in banking in the EU in its interaction with regulatory developments and the parallel evolution of the application of competition policy in the sector. The crisis of 2007–2009 interrupted the normalization of competition policy in banking that started in the early 1980s; the crisis also reversed some advances in competitive pressure that had occurred due to market integration and the introduction of the euro. Competition policy has to cope post-crisis with a sector that is systemic and subject to regulatory failure. There is ample room to improve both competition and stability in banking by refining regulation.


Antitrust Concentration Financial stability Market integration 

JEL Classification

D40 G21 



The authors are grateful for the comments of two anonymous referees, Lawrence J. White (General Editor of the Review of Industrial Organization) and Kern Alexander (the discussant of this paper presented at the Conference “Celebrating 25 years of the European Union Single Market”). We are grateful to Hugo Ferradans and Giorgia Trupia for excellent research assistance. The authors acknowledge financial support from the Spanish Ministry of Economy, Industry and Competitiveness (Project ECO2017-84858-R-AEI/FEDER, UE for Maudos and ECO2015-63711-P for Vives).


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Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.Departamento de Análisis Económico, Edificio departamental OrientalUniversity of ValenciaValenciaSpain
  2. 2.IvieValenciaSpain
  3. 3.IESE Business SchoolBarcelonaSpain

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