In line with the regulatory policy decision in favour of a market economy system, in the EU-countries the necessity of competition as a guarantor of the viability of the market is being endorsed in the banking sector, too.
Moreover, the beneficial effects of competition for consumers - in the form of enhanced efficiency, innovation, a broader range of products and cost cuts - are undisputed. Even so, it cannot be denied that the repercussions of the increasing competition pose additional challenges for banking supervisors.