Managing antitrust risks in the banking industry

Abstract:

Ensuring compliance with competition laws has become increasingly important in the banking industry as the number of cases prosecuted and the fines imposed by competition authorities are on the rise.

This article presents the costs and benefits of antitrust risk management, arguing that such risk management efforts are essential for ensuring banks’ survival and maximizing their value.

The article sets out an approach to assessing the residual risk of non-compliance with antitrust laws and shows how antitrust risk management can be implemented efficiently in banks’ existing risk management structures using the Three Lines of Defence model and the COSO ERM framework