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cepPolicyBrief
Financial Markets
Cross-Border Payments (Regulation)
cepPolicyBrief
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The Commission's approach is mistaken. The proposed Regulation undermines effective competition among payment service providers. The required regulatory framework was already established by the Directive on Payment Services; EU-wide harmonised payment schemes were developed by the banking industry. Any further intervention into the market development would be rather detrimental. Legal competences do not exist.
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Cross-Border Payments COM(2008) 640 (publ. 08.27.2014) | 81 KB | Download | |
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