Sweden Herald - Latest Sweden News | Norwegian inquiry into competition in the banking sector by Sweden Herald

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The Norwegian Competition Authority has begun a comprehensive sector inquiry into the banking market, which could lead to a formal investigation that would allow it to impose mandatory measures on banks. Mads Magnussen, head of the Swedish Competition Authority, said the probe will provide up‑to‑date knowledge of the sector to decide whether further action is needed. The authority notes that earlier investigations have revealed low customer mobility, barriers for new entrants, and possible coordination of interest‑rate setting, and it believes that such interventions can deliver significant benefits to consumers.

Read more: https://swedenherald.com/article/norwegian-inquiry-into-competition-in-the-banking-sector

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