Abstract
Most retail financial services in the European Community (EC) have for a long time been characterised by a low degree of cross-border penetration and competition. This market fragmentation stemmed partly from government regulations obstructing free movement of capital, freedom of establishment and provision of services in the EC. Not surprisingly, therefore, the 1988 ‘Cecchini report’, the large-scale economic study on the costs of market barriers between the EC countries, concluded that in the European financial services sector “… market openness, competition and low cost-efficiency is often deliberately not assured”.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
See Cecchini report, European Economy, 35, 1988, p. 86.
Author information
Authors and Affiliations
Copyright information
© 1993 Tobias C. Hoschka
About this chapter
Cite this chapter
Hoschka, T.C. (1993). Introduction. In: Cross-Border Entry in European Retail Financial Services. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-22979-6_1
Download citation
DOI: https://doi.org/10.1007/978-1-349-22979-6_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-22981-9
Online ISBN: 978-1-349-22979-6
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)