BIS Review 96/1998  -8-  • the tiny size of financial markets in the emerging countries, relative to the capital-exporting countries. Size – or relative size – does matter.
Changes in the way firms deliver financial services to their customers and in the nature of the relationships among providers of various financial services may require some adjustments in the implementation of antitrust policy. For example, as the number of large, geographically diverse banking organizations increases, the nature of competition among banks within a local geographic market may change.