NEW event 5 June 2014

January 29th, 2014

Competition Law in the Financial Sector – Save the Date – 5 June 2014

SCLF June Event – Updated Details

The SCLF, in collaboration with the University of Edinburgh’s Europa Institute has now confirmed timings and speakers for the June event on Competition Law in the Financial Services sector. The event is designed to debate the key questions and problems arising from the challenge of securing effective rivalry within the financial industry in Scotland, the United Kingdom and the European Union, today and in the future.

Registration is free and demand has been very high for this event, so please sign up early to avoid disappointment.

Confirmed Speakers and Discussion Topics

Key note speaker: Owen Kelly OBE, Chief Executive, Scottish Financial Enterprise

Dan Moore, Competition and Markets Authority

A competitive retail banking sector – a CMA perspective

Steve Smith, Lloyds Banking Group

Comparison between experience of energy and banking regulation

Deborah Jones, Financial Conduct Authority

FCA’s competition remit – bringing competition and financial services regulation under one roof

John Schmidt, Shepherd and Wedderburn LLP

Does ex ante regulation “work”? Experience of working as adviser to the monitoring trustee to the Lloyds TSB divestment

Samuel Da Rocha Lopes, European Banking Authority

LIBOR/EURIBOR – Common rules for setting robust and credible interest rate benchmarks

Trevor Pugh, Sheffield University

What really goes wrong in a Banking Crisis? An Insider’s View

We look forward to seeing you all there.

Event Summary

The financial industry is one of the most important economic sectors in the UK and in Scotland. It has however become clear that “all is not well” in this pivotal sector, not just in Britain but across the European Union. The 2007 final report on retail banking, published by the EU Commission, highlighted a number of serious features which dampen competition in the industry.

The 2008 financial crisis had a significant impact on the state of play in the industry, resulting in wide-ranging restructuring and increased concentration. This is especially apparent in the United Kingdom and in Scotland. Despite recent efforts designed to encourage competition in the market, the perception is still that of a concentrated industry, where “too big to fail” firms continue to engage in less than transparent practices.

In a recent report from the Office of the Chief Secretary to the Treasury, it was noted that in the event of a ‘Yes’ vote in September 2014, the banking industry would come to account for 1254% of an independent Scotland’s GDP: this factor, coupled with the fact that the Scottish banking market is polarised around two major institutions, was regarded as “likely to increase the risks, to markets, firms and consumers, of financial services firms” active in Scotland.

In addition, the LIBOR investigation has shown how concentrated markets, coupled with established practices allowing for the exchange of “sensitive information” among rivals for the purpose of determining key rates, may create an anti-competitive environment.

Against this background, it is legitimate to query what the future holds for the banking industry in the EU, in the UK and, in the event of independence, in Scotland. Should more be done to lessen the degree of concentration within this industry? Is the market sufficiently “open” and contestable for potential new entrants, so as to provide effective competitive constraints for incumbents? What about consumers? Is the retail side of the industry capable of countervailing possible collusive tendencies within this concentrated industry? And finally, is the existing regulatory framework, in its design and powers, suitable to the demands of ensuring effective rivalry in this market?

Event Details

Date: Thursday, 5 June 2014

Venue: Edinburgh University, Old College (Raeburn Room)

Time: 3pm – 6.30pm (followed by refreshments and an opportunity for networking)

Registration: 2.30pm

To register: click here Attend Event or email

We look forward to seeing you all there.


Congratulations to all teams who took part the SCLF student event 2014!

January 29th, 2014

27 March 2014 – SCLF Student Event – Glasgow University 3pm

The Scottish Competition Law Forum was delighted to host its Annual Student Debate competition in March this year.  Teams of students from Universities in Edinburgh and Glasgow debated on the following questions:

“Should competition law be applied at local/national as well as regional/international level?”


“Which competition law offences are most damaging for economic welfare and why?”

The judging panel was composed by Mr Michael Dean, Partner, MMS and by Ms Claudia Berg, of the OFT.

The debate took place on 27 March in the Moot Court Room of the Faculty of Law, at the University of Glasgow,  and we are pleased to announce that this year, there was a tie!  So 7 students from across Scotland won placements in law firms and an invitation to the annual SCLF  dinner, congratulations to you all!

Many thanks to everyone who attended this event and should you have any photos or comments please do let us know and we can share them on our site!




 sears coupon . torrent download . gold ira reviews