Visa Europe has pledged to significantly cut its interbank fees for cross-border credit card payments and reform its rules following an anti-trust investigation by the European Commission.
The European Commission is proposing new rules to make it easier for consumers to compare bank account fees and switch to another provider.
The European Commission is publishing today the European Financial Stability and Integration Report (EFSIR), which is being presented at a joint conference with the European Central Bank (ECB) in Brussels.
The European Commission has launched a new antitrust probe into the inter-bank fees MasterCard charges for processing transactions.
The European Commission is to extend an anti-trust investigation in to the market for credit default swaps to cover the activities of the International Swaps and Derivatives Association (Isda).
On February 27, the European Commission extended for four months the deadline for ESMA advise on the equivalence between non-EU legal and supervisory frameworks and EMIR, the European Markets Infrastructure Regulation.
The European Commission has dropped an anti-trust probe into the activities of the bank-backed standards-setting body the European Payments Council.
US President Barack Obama has signed a cybersecurity executive order designed to improve collaboration and information sharing between the government and critical infrastructure providers such as banks.
New rules on the processing of derivatives contracts over exchange platforms are set to come into force in mid-March after being passed by the European Parliament.
Interbank interest rate benchmarks are systemic benchmarks which are important for the transmission of the euro area's monetary policy. The Commission is therefore following developments on Euribor, in particular the recent departure of a number of panel banks.
© Finextra Research 2013