Competition law and the Malaysian financial services market: an analysis of the structure and level of competition in the market

The main objective of competition law is to protect the process of competition by preventing anti-competitive behaviour such as abuse of dominant position and anti-competitive mergers. The assessment of market structure and the level of competition in the financial sector are important for the exerc...

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Main Authors:	Abdul Rahman, Nasarudin, Mohamad Faudzi, Mohd Hasbullah, Ahamat, Haniff, Abd Ghadas, Zuhairah Ariff
Format:	Article
Language:	English English
Published:	Inderscience Enterprises Ltd. 2016
Subjects:	K Law (General)
Online Access:	http://irep.iium.edu.my/52796/ http://irep.iium.edu.my/52796/ http://irep.iium.edu.my/52796/ http://irep.iium.edu.my/52796/1/IJMEF%209%284%29%20Paper%204%20%281%29.pdf http://irep.iium.edu.my/52796/7/52796_Competition%20law%20and%20the%20Malaysian%20financial%20services_SCOPUS.pdf

id	iium-52796
recordtype	eprints
spelling	iium-527962017-10-17T07:52:24Z http://irep.iium.edu.my/52796/ Competition law and the Malaysian financial services market: an analysis of the structure and level of competition in the market Abdul Rahman, Nasarudin Mohamad Faudzi, Mohd Hasbullah Ahamat, Haniff Abd Ghadas, Zuhairah Ariff K Law (General) The main objective of competition law is to protect the process of competition by preventing anti-competitive behaviour such as abuse of dominant position and anti-competitive mergers. The assessment of market structure and the level of competition in the financial sector are important for the exercise of the competition authority’s power to enforce the national competition law. It helps the competition authority to better understand the nature of the financial services market such as the existence of market power and features that facilitate anti-competitive behaviour. This paper attempts to analyse structure of the market and the level of competition in the Malaysian financial market using two measures, namely concentration ratio (CR) and Herfindahl–Hirschman index (HHI). The study shows that the banking sector can be considered as ‘unconcentrated’. However, based on ownership (foreign or local) the study indicates such sector is ‘moderately’ concentrated. For the insurance sector, general insurance can be considered as ‘unconcentrated’, whereas life insurance is ‘highly concentrated’. Inderscience Enterprises Ltd. 2016 Article PeerReviewed application/pdf en http://irep.iium.edu.my/52796/1/IJMEF%209%284%29%20Paper%204%20%281%29.pdf application/pdf en http://irep.iium.edu.my/52796/7/52796_Competition%20law%20and%20the%20Malaysian%20financial%20services_SCOPUS.pdf Abdul Rahman, Nasarudin and Mohamad Faudzi, Mohd Hasbullah and Ahamat, Haniff and Abd Ghadas, Zuhairah Ariff (2016) Competition law and the Malaysian financial services market: an analysis of the structure and level of competition in the market. International Journal of Monetary Economics and Finance, 9 (4). pp. 353-362. ISSN 1752-0479 E-ISSN 1752-0487 http://www.inderscienceonline.com/doi/abs/10.1504/IJMEF.2016.080078 10.1504/IJMEF.2016.080078
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	K Law (General)
spellingShingle	K Law (General) Abdul Rahman, Nasarudin Mohamad Faudzi, Mohd Hasbullah Ahamat, Haniff Abd Ghadas, Zuhairah Ariff Competition law and the Malaysian financial services market: an analysis of the structure and level of competition in the market
description	The main objective of competition law is to protect the process of competition by preventing anti-competitive behaviour such as abuse of dominant position and anti-competitive mergers. The assessment of market structure and the level of competition in the financial sector are important for the exercise of the competition authority’s power to enforce the national competition law. It helps the competition authority to better understand the nature of the financial services market such as the existence of market power and features that facilitate anti-competitive behaviour. This paper attempts to analyse structure of the market and the level of competition in the Malaysian financial market using two measures, namely concentration ratio (CR) and Herfindahl–Hirschman index (HHI). The study shows that the banking sector can be considered as ‘unconcentrated’. However, based on ownership (foreign or local) the study indicates such sector is ‘moderately’ concentrated. For the insurance sector, general insurance can be considered as ‘unconcentrated’, whereas life insurance is ‘highly concentrated’.
format	Article
author	Abdul Rahman, Nasarudin Mohamad Faudzi, Mohd Hasbullah Ahamat, Haniff Abd Ghadas, Zuhairah Ariff
author_facet	Abdul Rahman, Nasarudin Mohamad Faudzi, Mohd Hasbullah Ahamat, Haniff Abd Ghadas, Zuhairah Ariff
author_sort	Abdul Rahman, Nasarudin
title	Competition law and the Malaysian financial services market: an analysis of the structure and level of competition in the market
title_short	Competition law and the Malaysian financial services market: an analysis of the structure and level of competition in the market
title_full	Competition law and the Malaysian financial services market: an analysis of the structure and level of competition in the market
title_fullStr	Competition law and the Malaysian financial services market: an analysis of the structure and level of competition in the market
title_full_unstemmed	Competition law and the Malaysian financial services market: an analysis of the structure and level of competition in the market
title_sort	competition law and the malaysian financial services market: an analysis of the structure and level of competition in the market
publisher	Inderscience Enterprises Ltd.
publishDate	2016
url	http://irep.iium.edu.my/52796/ http://irep.iium.edu.my/52796/ http://irep.iium.edu.my/52796/ http://irep.iium.edu.my/52796/1/IJMEF%209%284%29%20Paper%204%20%281%29.pdf http://irep.iium.edu.my/52796/7/52796_Competition%20law%20and%20the%20Malaysian%20financial%20services_SCOPUS.pdf
first_indexed	2023-09-18T21:14:47Z
last_indexed	2023-09-18T21:14:47Z
_version_	1777411490059386880

Competition law and the Malaysian financial services market: an analysis of the structure and level of competition in the market

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