This exceeds estimates of the effects of local market concentration on retail deposit rates of about 50 basis points. Research has also suggested that high local-market deposit concentration may lead to reduced managerial efficiency, as the price cushion provided by market power allows a “quiet life” for managers in which relatively little effort is required to be profitable.
I would not want to forecast the winner of this competition, but I wish all of the finalists the best of luck and heartiest congratulations to the winner. Thank you. 4  BIS central bankers’ speeches