Syndicated Loans and Competition Law

Research output: Contribution to journalJournal articlepeer-review

While the issuing of loans to companies is a core functionality of modern banking, the size, or risk, of a request can exceed the limits, or appetite, of a single bank giving ground for syndication where the funding comes from a collegium of lenders. This not only provides better risk management, but also, allows smaller institutions, and non-banks, access to a highly lucrative market segment inducing competition. Syndication can also limit competition if participants form closed circles, coordinate prices, or bundle services, which is why competition authorities lately have taken an interest in the matter.
Original languageEnglish
JournalJournal of European Competition Law & Practice
Issue number5
Pages (from-to)323-335
Number of pages13
Publication statusPublished - 2022

ID: 289309031