Chapter

Regulation and Competition in German Banking: An Assessment

Karl-Hermann Fischer and Christian Pfeil

in The German Financial System

Published in print March 2004 | ISBN: 9780199253166
Published online January 2005 | e-ISBN: 9780191601651 | DOI: http://dx.doi.org/10.1093/0199253161.003.0010
 Regulation and Competition in German Banking: An Assessment

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Offers an in-depth discussion of regulatory and competitive issues in German banking. Emphasising that regulation, market structure, and competitive conduct are deeply interrelated the authors look at bank regulation from an Industrial Organisation perspective. Special consideration is given to the three-pillar structure of German banking comprising private, public, and co-operative banking institutions as well as to the driving forces that shaped bank regulation and supervision from its beginning in 1931. To assess market structure and competition in Germany’s banking market, the available empirical evidence is carefully discussed. A concluding section points to the challenges stemming from the decision to phase out state-guarantees for public banks.

Keywords: bank regulation; capital requirements; collusion; concentration; deposit insurance; industrial organisation; industry consolidation; market power; market structure; retail banking; state-guarantees; supervision

Chapter.  27498 words.  Illustrated.

Subjects: Financial Markets

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