Chile - Financial Sector Assessment Program, October 2021 : Technical Note - Competition in the Financial Sector
This note assesses competitive dynamics and potential impediments in Chile’s financial sector in order to provide actionable policy recommendations. This note contains both a quantitative as well as qualitative assessment of competition. The...
| Main Authors: | , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2022
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/099455107152234012/P1720200f6787109b0844b0d58d805d14e5 http://hdl.handle.net/10986/37764 |
| Summary: | This note assesses competitive
dynamics and potential impediments in Chile’s financial
sector in order to provide actionable policy
recommendations. This note contains both a quantitative as
well as qualitative assessment of competition. The
quantitative assessment explores market characteristics and
dynamics, including market structure and concentration,
cross-ownership and vertical integration, and customer
conditions/consumer power. The quantitative assessment is
complemented by a qualitative analysis of the regulatory and
institutional framework to understand how private and public
interventions shape market dynamics and result in specific
market outcomes, including efficiency, degree of market
power and consumer mobility (Figure 1). The note will focus
primarily on the retail banking sector as well as payment
systems and discuss competitive dynamics in other parts of
the financial sector only to the extent that they affect
these two areas, for example in the context of financial conglomerates. |
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