Key issues for Financial Services
Tuesday, 20 March 2007
15:00 EXCHANGE OF VIEWS with Mrs.Neelie KROES, Commissioner for Competition
Commissioner Kroes lined out the developments in competition policy concentrating on the energy and financial services sector inquiries.
“Initial findings on the insurance sector inquiry show high underwriting profitability in the SME segment, foreclosure risks because of long-term insurance contracts and some networks of exclusive agents and, quite astonishing variations in the degree of horizontal co-operation”, Kroes lined out. The final report is due in September.
Discussion focused mainly on the energy sector. With regard to the German market, Mr Klinz asked about the Commission’s criteria that apply to fair competition. Mrs Starkevicute was interested in the measures resulting from the inquiries.
Documents:
Meeting Agenda
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