EU competition law and the financial services sector
CHAPTER 2
THE APPLICATION OF EU Competition Law to the Financial Services Sector: General Issues
2.1 BANKING AND INSURANCE SERVICES: TWO FACES OF THE SAME COIN?
Banking and insurance undertakings perform almost identical economic functions; both can be defined as financial intermediaries that receive money from private individuals or companies in the form of deposits or premiums and lend money to customers wishing to borrow.1
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