Central Banking

EU Commission competition claims wrong

It is the low level of cross-border account mobility, not low customer mobility in national markets, which hinders the EU's bank customers' ability to switch to a more competitive bank, says Deutsche Bank research.

The European Commission has identified low customer mobility as a reason for an alleged lack of competition in retail banking. But Deutsche Bank says numerous studies actually show that the low level of customer mobility is not caused by obstacles to switching accounts, but by the

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