Forbes has published an article of Senior Partner Aidyn Bikebayev on the cartel effect in financial markets
In his article Senior Partner Aidyn Bikebayev wonders why the price competition between insurance companies has been legislatively abolished in Kazakhstan. The question relates to the regulatory establishment of a uniform tariff market for all insurers which provide auto liability insurance and for all banks which insure the maximum interest rate on bank deposits. Under such circumstances the price competition between insurance companies is non-existent anymore, thus creating the effect of cartel.
You can view the full text of the article (in Russian) at http://forbes.kz/blogs/blogsid_86907.