Competition in Retail Banking Services in Latin America

This paper analyzes competition in the retail banking markets in Latin America. Retail banking services, that is banking products and services for consumers and small businesses, including deposit accounts and related services such as ATMs, direct...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	RETAIL BANKING SECTOR MARKET STRUCTURE BANKING SERVICES PAYMENT INFRASTRUCTURE ELECTRONIC PAYMENT FINANCIAL REGULATION COMPETITION POLICY PRICING POWER
Online Access:	http://documents.worldbank.org/curated/en/804881599637618906/Competition-in-Retail-Banking-Services-in-Latin-America http://hdl.handle.net/10986/34444

id	okr-10986-34444
recordtype	oai_dc
spelling	okr-10986-344442021-05-25T09:50:37Z Competition in Retail Banking Services in Latin America World Bank RETAIL BANKING SECTOR MARKET STRUCTURE BANKING SERVICES PAYMENT INFRASTRUCTURE ELECTRONIC PAYMENT FINANCIAL REGULATION COMPETITION POLICY PRICING POWER This paper analyzes competition in the retail banking markets in Latin America. Retail banking services, that is banking products and services for consumers and small businesses, including deposit accounts and related services such as ATMs, direct debit and credit transfers, and credit lines, are an increasingly important segment of the banking business in the region. Yet the provision of banking services in Latin America remains very expensive by international comparison. While many factors contribute to high costs of financial intermediation in the region, restricted or distorted competition may be an important supply-side driver. Based on a survey with competition authorities and financial regulators in seven large Latin American economies (LA-7) combined with publicly available data and information, this paper attempts to shed light on entry and contestability in retail banking services in the region, including access to the financial infrastructure, payments systems and credit reporting systems (CRSs), while discussing the status of competition law enforcement and advocacy initiatives. Given limited antitrust enforcement and advocacy initiatives in the field of retail banking in LA-7, the objective of the paper is to advance knowledge on the status of competition in the retail banking segment while stimulating further country-product specific analysis. 2020-09-15T19:31:09Z 2020-09-15T19:31:09Z 2020-09 Report http://documents.worldbank.org/curated/en/804881599637618906/Competition-in-Retail-Banking-Services-in-Latin-America http://hdl.handle.net/10986/34444 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Financial Sector Study Latin America & Caribbean Latin America
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	RETAIL BANKING SECTOR MARKET STRUCTURE BANKING SERVICES PAYMENT INFRASTRUCTURE ELECTRONIC PAYMENT FINANCIAL REGULATION COMPETITION POLICY PRICING POWER
spellingShingle	RETAIL BANKING SECTOR MARKET STRUCTURE BANKING SERVICES PAYMENT INFRASTRUCTURE ELECTRONIC PAYMENT FINANCIAL REGULATION COMPETITION POLICY PRICING POWER World Bank Competition in Retail Banking Services in Latin America
geographic_facet	Latin America & Caribbean Latin America
description	This paper analyzes competition in the retail banking markets in Latin America. Retail banking services, that is banking products and services for consumers and small businesses, including deposit accounts and related services such as ATMs, direct debit and credit transfers, and credit lines, are an increasingly important segment of the banking business in the region. Yet the provision of banking services in Latin America remains very expensive by international comparison. While many factors contribute to high costs of financial intermediation in the region, restricted or distorted competition may be an important supply-side driver. Based on a survey with competition authorities and financial regulators in seven large Latin American economies (LA-7) combined with publicly available data and information, this paper attempts to shed light on entry and contestability in retail banking services in the region, including access to the financial infrastructure, payments systems and credit reporting systems (CRSs), while discussing the status of competition law enforcement and advocacy initiatives. Given limited antitrust enforcement and advocacy initiatives in the field of retail banking in LA-7, the objective of the paper is to advance knowledge on the status of competition in the retail banking segment while stimulating further country-product specific analysis.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Competition in Retail Banking Services in Latin America
title_short	Competition in Retail Banking Services in Latin America
title_full	Competition in Retail Banking Services in Latin America
title_fullStr	Competition in Retail Banking Services in Latin America
title_full_unstemmed	Competition in Retail Banking Services in Latin America
title_sort	competition in retail banking services in latin america
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/804881599637618906/Competition-in-Retail-Banking-Services-in-Latin-America http://hdl.handle.net/10986/34444
_version_	1764480911305342976

Competition in Retail Banking Services in Latin America

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