Preprint
The Cost of Antitrust Law to Malaysia’s Financial Services Sector
Judging by only economic incentives, Malaysian financial institutions (particularly banks) should completely ignore the Competition Act. The data show that Malaysian banks probably benefit from anticompetitive behaviour. Political and family connections likely facilitate such behaviour. Given that the Malaysian Competition Commission will likely lack the resources to investigate and sanction anti-competitive behaviour in Malaysia’s banking industry – the banks’ best response to the Act probably consists of ignoring it. Maximum fines of 10 million ringgit and revenue-tied penalties of only 10% of worldwide revenue mean that banks still have strong incentives to engage in anticompetitive behaviour and to pay any low fine that might be levied. The best compliance programme for banks in Malaysia likely consists of actions that avoid detection rather than detecting and preventing anticompetitive behaviour. Private rights of action are unlikely to provide any stronger economic incentives for Malaysian banks to adopt strong antitrust compliance programmes and internal audit programmes. By staying the course, Malaysian banks can continue to earn about 15 billion ringgits (approximately US$4.6 billion in anticompetitive rents).
- Language
-
Englisch
- Classification
-
Wirtschaft
Market Structure, Pricing, and Design: Perfect Competition
Monopolization; Horizontal Anticompetitive Practices
Antitrust Policy and Public Enterprises, Nonprofit Institutions, and Professional Organizations
- Subject
-
antitrust
Malaysia
internal audit
compliance
Competition policy
Bank regulation
- Event
-
Geistige Schöpfung
- (who)
-
Michael, Bryane
Williams, Mark
Munisamy, Susila
- Event
-
Veröffentlichung
- (who)
-
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (where)
-
Kiel und Hamburg
- (when)
-
2015
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Preprint
Associated
- Michael, Bryane
- Williams, Mark
- Munisamy, Susila
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Time of origin
- 2015
Other Objects (12)
Some Transaction Cost Effects of Authoritarian Management
On the cost of opportunistic behavior in the public sector: A General-Equilibrium approach
On the cost of rent-seeking by government bureaucrats in a Real-Business-Cycle framework
Cost-reducing R&D in the presence of an appropriation alternative: an application to the natural resource curse
The Effect of Competition Law on Brunei’s Small and Medium Enterprises
What Do the Panama Papers Teach Us About the Administrative Law of Corporate Governance Reform in Hong Kong?
What Role Can an International Financial Centre’s Law Play in the Development of a Sunrise Industry? The Case of Hong Kong and Solar Powered Investments
Krankheitskostenanalyse bei Patienten mit chronischen Rückenschmerzen
![Pidgin German Spoken by Foreign Workers in West Germany. The Definite Article. International Congress on Pidgins and Creoles, 6.-10. Januar 1975. Honululu, Hawaii.[Unveröffentlichter Vortrag]](https://iiif.deutsche-digitale-bibliothek.de/image/2/dbbe39c4-d3f1-4852-85ff-11130acfa714/full/!306,450/0/default.jpg)
Pidgin German Spoken by Foreign Workers in West Germany. The Definite Article. International Congress on Pidgins and Creoles, 6.-10. Januar 1975. Honululu, Hawaii.[Unveröffentlichter Vortrag]
The impact of lacking metadata and data truncation for the measurement of cultural and linguistic change using the Google Ngram datasets
Nemeckojazychnye e’lementy v russkojazychnych gazetach Germanii (Deutschsprachige Elemente in russischsprachigen Zeitungen Deutschlands)
Politische Rahmenbedingungen für zweisprachige Kindertagesstätten in Berlin
Some Transaction Cost Effects of Authoritarian Management
On the cost of opportunistic behavior in the public sector: A General-Equilibrium approach
On the cost of rent-seeking by government bureaucrats in a Real-Business-Cycle framework
Cost-reducing R&D in the presence of an appropriation alternative: an application to the natural resource curse
The Effect of Competition Law on Brunei’s Small and Medium Enterprises
What Do the Panama Papers Teach Us About the Administrative Law of Corporate Governance Reform in Hong Kong?
What Role Can an International Financial Centre’s Law Play in the Development of a Sunrise Industry? The Case of Hong Kong and Solar Powered Investments
Krankheitskostenanalyse bei Patienten mit chronischen Rückenschmerzen
Pidgin German Spoken by Foreign Workers in West Germany. The Definite Article. International Congress on Pidgins and Creoles, 6.-10. Januar 1975. Honululu, Hawaii.[Unveröffentlichter Vortrag]
The impact of lacking metadata and data truncation for the measurement of cultural and linguistic change using the Google Ngram datasets
Nemeckojazychnye e’lementy v russkojazychnych gazetach Germanii (Deutschsprachige Elemente in russischsprachigen Zeitungen Deutschlands)
Politische Rahmenbedingungen für zweisprachige Kindertagesstätten in Berlin
Some Transaction Cost Effects of Authoritarian Management
On the cost of opportunistic behavior in the public sector: A General-Equilibrium approach
On the cost of rent-seeking by government bureaucrats in a Real-Business-Cycle framework
Cost-reducing R&D in the presence of an appropriation alternative: an application to the natural resource curse
The Effect of Competition Law on Brunei’s Small and Medium Enterprises
What Do the Panama Papers Teach Us About the Administrative Law of Corporate Governance Reform in Hong Kong?
What Role Can an International Financial Centre’s Law Play in the Development of a Sunrise Industry? The Case of Hong Kong and Solar Powered Investments
Krankheitskostenanalyse bei Patienten mit chronischen Rückenschmerzen
Pidgin German Spoken by Foreign Workers in West Germany. The Definite Article. International Congress on Pidgins and Creoles, 6.-10. Januar 1975. Honululu, Hawaii.[Unveröffentlichter Vortrag]
The impact of lacking metadata and data truncation for the measurement of cultural and linguistic change using the Google Ngram datasets
Nemeckojazychnye e’lementy v russkojazychnych gazetach Germanii (Deutschsprachige Elemente in russischsprachigen Zeitungen Deutschlands)