Commission survey on obstacles to cross-border mergers

18 April 2005

The Commission launched an online survey on why there is little cross-border consolidation in the financial sector. Empirical data shows a low level of cross-border consolidation in the European financial sector. The survey seeks to establish what are the underlying factors and obstacles. “The Commission must ensure that no unjustified obstacles exist”, Commissioner McCreevy stated. “We will address any market failure or gap in regulation that might be identified.”

The deadline for responses is 15 June 2005.

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Background paper

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