Competition law and the Malaysian financial services market: an analysis of the structure and level of competition in the market
Competition law seeks to protect the process of competition on the market by preventing anti-competitive behavior such as abuse of dominant position and mergers that have the effect of lessening competition in the market. One of the important considerations in the competition law anaylsis is the ass...
| Main Authors: | , , , |
|---|---|
| Format: | Conference or Workshop Item |
| Language: | English English |
| Published: |
Inderscience Publishers
2016
|
| Subjects: | |
| Online Access: | http://irep.iium.edu.my/47343/ http://irep.iium.edu.my/47343/ http://irep.iium.edu.my/47343/ http://irep.iium.edu.my/47343/5/6850-47343.pdf http://irep.iium.edu.my/47343/2/SIBR_Final_Programme.pdf |
| id |
iium-47343 |
|---|---|
| recordtype |
eprints |
| spelling |
iium-473432017-10-11T10:52:25Z http://irep.iium.edu.my/47343/ Competition law and the Malaysian financial services market: an analysis of the structure and level of competition in the market Abdul Rahman, Nasarudin Mohamad Faudzi, Mohd Hasbullah Ahamat, Haniff Abd Ghadas, Zuhairah Ariff HG Finance K Law (General) KPG Malaysia Competition law seeks to protect the process of competition on the market by preventing anti-competitive behavior such as abuse of dominant position and mergers that have the effect of lessening competition in the market. One of the important considerations in the competition law anaylsis is the assessment of market structure and the level of competition in which firms compete with each other. This paper attempts to analyze structure of the market and the level of competition in the Malaysian financial market by adopting two measures, namely, concentration ratio (CR) and Herfindahl-Hirschman Index (HHI). The study shows that the banking sector can be considered as ‘unconcentrated’. However, based on ownership (foreign or local) the study indicates such sector is ‘moderately’ concentrated. For the insurance sector, general insurance can be considered as ‘unconcentrated’ whereas life insurance is ‘highly concentrated.’ Even though the findings from the market concentration study are not by itself an evidence of anti-competitive behavior, they assist the competition regulator to understand the structure and the nature of the Malaysian financial services market which may facilitate anti-competitive conduct or provide strong incentive for market players to engage in anti-competitive conduct such as collusion and abuse of market power. Inderscience Publishers 2016 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/47343/5/6850-47343.pdf application/pdf en http://irep.iium.edu.my/47343/2/SIBR_Final_Programme.pdf Abdul Rahman, Nasarudin and Mohamad Faudzi, Mohd Hasbullah and Ahamat, Haniff and Abd Ghadas, Zuhairah Ariff (2016) Competition law and the Malaysian financial services market: an analysis of the structure and level of competition in the market. In: SIBR-Thammasat Conference on Interdisciplinary Business & Economics Research, 4th-6th June 2015, Bangkok, Thailand. (Unpublished) http://sibresearch.org/uploads/2/7/9/9/2799227/sibr_2014bk_paperlists.pdf 10.1504/IJMEF.2016.080078 |
| repository_type |
Digital Repository |
| institution_category |
Local University |
| institution |
International Islamic University Malaysia |
| building |
IIUM Repository |
| collection |
Online Access |
| language |
English English |
| topic |
HG Finance K Law (General) KPG Malaysia |
| spellingShingle |
HG Finance K Law (General) KPG Malaysia Abdul Rahman, Nasarudin Mohamad Faudzi, Mohd Hasbullah Ahamat, Haniff Abd Ghadas, Zuhairah Ariff Competition law and the Malaysian financial services market: an analysis of the structure and level of competition in the market |
| description |
Competition law seeks to protect the process of competition on the market by preventing anti-competitive behavior such as abuse of dominant position and mergers that have the effect of lessening competition in the market. One of the important considerations in the competition law anaylsis is the assessment of market structure and the level of competition in which firms compete with each other. This paper attempts to analyze structure of the market and the level of competition in the Malaysian financial market by adopting two measures, namely, concentration ratio (CR) and Herfindahl-Hirschman Index (HHI). The study shows that the banking sector can be considered as ‘unconcentrated’. However, based on ownership (foreign or local) the study indicates such sector is ‘moderately’ concentrated. For the insurance sector, general insurance can be considered as ‘unconcentrated’ whereas life insurance is ‘highly concentrated.’
Even though the findings from the market concentration study are not by itself an evidence of anti-competitive behavior, they assist the competition regulator to understand the structure and the nature of the Malaysian financial services market which may facilitate anti-competitive conduct or provide strong incentive for market players to engage in anti-competitive conduct such as collusion and abuse of market power.
|
| format |
Conference or Workshop Item |
| author |
Abdul Rahman, Nasarudin Mohamad Faudzi, Mohd Hasbullah Ahamat, Haniff Abd Ghadas, Zuhairah Ariff |
| author_facet |
Abdul Rahman, Nasarudin Mohamad Faudzi, Mohd Hasbullah Ahamat, Haniff Abd Ghadas, Zuhairah Ariff |
| author_sort |
Abdul Rahman, Nasarudin |
| title |
Competition law and the Malaysian financial services market: an analysis of the structure and level of competition in the market |
| title_short |
Competition law and the Malaysian financial services market: an analysis of the structure and level of competition in the market |
| title_full |
Competition law and the Malaysian financial services market: an analysis of the structure and level of competition in the market |
| title_fullStr |
Competition law and the Malaysian financial services market: an analysis of the structure and level of competition in the market |
| title_full_unstemmed |
Competition law and the Malaysian financial services market: an analysis of the structure and level of competition in the market |
| title_sort |
competition law and the malaysian financial services market: an analysis of the structure and level of competition in the market |
| publisher |
Inderscience Publishers |
| publishDate |
2016 |
| url |
http://irep.iium.edu.my/47343/ http://irep.iium.edu.my/47343/ http://irep.iium.edu.my/47343/ http://irep.iium.edu.my/47343/5/6850-47343.pdf http://irep.iium.edu.my/47343/2/SIBR_Final_Programme.pdf |
| first_indexed |
2023-09-18T21:07:22Z |
| last_indexed |
2023-09-18T21:07:22Z |
| _version_ |
1777411023617130496 |