How reliable are the recommendations of the Cruickshank Report? An assessment of market definition in UK competition analysis of retail banking markets

John K. Ashton*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review


The paper considers two central issues; one, how was the definition of the UK banking market undertaken within the Cruickshank Report, and two, how might the assumptions made in defining banking markets have influenced the competition analysis and overall conclusions presented by the report. In this paper, the banking market for personal customers is discussed in relation to theoretical and empirical work and the distribution of banking branches in the UK. An assessment of the form of competition, used in the Cruickshank Report, builds on this discussion and considers the implications of a possible oversight in the definition of the UK banking market. Recommendations and suggestions for further work are provided within the conclusions.

Original languageEnglish
Pages (from-to)15-21
Number of pages7
JournalJournal of Financial Regulation and Compliance
Issue number1
Publication statusPublished - 2002

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