Finance officials backed off plan for Central Bank to have competition role

The wide-ranging, year-long review of the banking sector was led by John Palmer, a principal officer at the Department.

However, there was little appetite for this among Central Bank officials, who would have seen this as something of a backward step. Still, the final review report called on the central bank to “assess how existing domestic regulation impacts competition within domestic financial markets” when completing its annual performance statement.

Belgique Dernières Nouvelles, Belgique Actualités

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