Advising on competition in a market involves rapidly identifying the important market features, what drives competition and what gives competitive advantage.
We have advised clients and competition authorities in many of the ground-breaking cases in financial services of the last two decades. This includes assisting banks and insurers through every stage of UK and European competition inquiries and merger reviews. The financial services practice works closely with our competition practice on all aspects of competition policy, at EC and national level.
We advise on market definition and market power, merger analysis, abuse of market power, horizontal and vertical agreements and state aid. We work with legal counsel providing technical support and case advice. Our clients place a high value on our ability to identify and address the central issues from the outset, thus maximising the chances of success. We are experts in cases covering EC state aid, major mergers and acquisitions, the Financial Conduct Authority’s market studies, private motor insurance, European payment card interchange fees, payment protection insurance (PPI), personal current accounts, savings products (cash ISAs), store cards and many more.
As well as helping clients in actual regulatory inquiries, we also advise on regulatory risk assessments, regulatory strategy and engagement. We have also helped clients develop their own regulatory brands – the story that explains their business and is the foundation for influencing regulators and government.