Syndicated Loans and Competition Law
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Syndicated Loans and Competition Law. / Bergqvist, Christian.
I: Journal of European Competition Law & Practice, Bind 13, Nr. 5, 2022, s. 323-335.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Syndicated Loans and Competition Law
AU - Bergqvist, Christian
PY - 2022
Y1 - 2022
N2 - While the issuing of loans to companies is a core functionality of modern banking, the size, or risk, of a request can exceed the limits, or appetite, of a single bank giving ground for syndication where the funding comes from a collegium of lenders. This not only provides better risk management, but also, allows smaller institutions, and non-banks, access to a highly lucrative market segment inducing competition. Syndication can also limit competition if participants form closed circles, coordinate prices, or bundle services, which is why competition authorities lately have taken an interest in the matter.
AB - While the issuing of loans to companies is a core functionality of modern banking, the size, or risk, of a request can exceed the limits, or appetite, of a single bank giving ground for syndication where the funding comes from a collegium of lenders. This not only provides better risk management, but also, allows smaller institutions, and non-banks, access to a highly lucrative market segment inducing competition. Syndication can also limit competition if participants form closed circles, coordinate prices, or bundle services, which is why competition authorities lately have taken an interest in the matter.
U2 - 10.1093/jeclap/lpab083
DO - 10.1093/jeclap/lpab083
M3 - Journal article
VL - 13
SP - 323
EP - 335
JO - Journal of European Competition Law and Practice
JF - Journal of European Competition Law and Practice
SN - 2041-7764
IS - 5
ER -
ID: 289309031