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Abstract


COMPETITION IN THE BANKING SECTOR and COMPETITIVE DISORDER ACTIONS

Banks and other financial institutions, which are the most important actors in the financial sector, have a very important place in today's modern society and economic life. Changes in the last century and especially technological developments caused this importance of banking sector to increase. Today, it is almost impossible to find any person or company that has no business with the bank, does not use credit card or credit, or has no business with the bank. Banks operating in financial markets are quite different from any business. In carrying out their activities, banks should take an impartial attitude in accordance with objective criteria, without prioritizing the interests of any party. Banks have to take into account the requirements of regulatory authorities and legislation in every decision they make and in all transactions they take. In line with the recent developments in the sector, the element of competition is an important issue for banks that continuously expand their product and service range. The increase in foreign inflows into the sector and the fact that the banks started to operate beyond the nationality also created the ground for intense competition in the sector. However, in order for the credit system and banking sector to operate effectively, a healthy competitive environment must be established in the market. Although various measures have been taken for this purpose, it is seen that some actions that disrupt competition in the sector have been carried out. The most important of the anti-competitive behaviors of banks in recent years is the cartel investigation initiated by the Competition Board with the claim that 12 banks act in concerted actions and / or agreements. It was investigated whether 12 banks representing the majority of the banking sector violated the Law No. 4054 on the Protection of Competition by acting in agreement and / or concerted action on deposit, credit and credit card services. By its decision dated 08.03.2013, the Competition Board determined that the said banks had reached a compromise between 21.08.2007-24.10.2011 in violation of Article 4 of the Law and decided to impose an administrative fine. In this study, it is aimed to examine the concept of competition and anti-competitive behaviors in the banking sector and to evaluate the competition investigation conducted by the Competition Board on 12 banks in terms of the banking sector.



Keywords
Competition Board, Unfair Competition, Turkish Banking Sector.



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