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CHAPTER 2 THE APPLICATION OF EU Competition Law to the Financial Services Sector: General Issues

EU competition law and the financial services sector

CHAPTER 2 THE APPLICATION OF EU Competition Law to the Financial Services Sector: General Issues 2.1 BANKING AND INSURANCE SERVICES: TWO FACES OF THE SAME COIN? Banking and insurance undertakings perform almost identical economic functions; both can be defined as financial intermediaries that receive money from private individuals or companies in the form of deposits or premiums and lend money to customers wishing to borrow. 1 2

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