337 results about this entity
Period: 16 Feb 2007 - 20 Mar 2025
News
Europe's banks have been told that they will have to ditch interchange fees on direct debit transactions by 2012 under EU antitrust rules.
24 March 2009
Over a year after its launch, the Sepa credit transfer (SCT) scheme still only accounts for less than two per cent of total CT volume in the euro area, prompting ECB executive board member Gertrude Tumpel-Gugerell to call for a definitive date for migration from national systems.
17 March 2009
The Committee of European Securities Regulators (CESR) has published a review of supervisory powers and practices, and administrative and criminal sanctioning regimes across Europe in relation to MiFID. It found greater convergance of approaches to regulating markets and MTFs than for investment firms. And it found administrative and criminal fines for non-compliance with the directive differ massively from country to country.
17 February 2009
The European Central Bank has called for an overhaul of governance and management of the European Payments Council in its latest report on impediments to the creation of a Single Euro Payments Area (Sepa).
24 November 2008
The European Commission (EC) says it is proposing an extension of existing regulations to ensure that cross-border direct debit payments made in euros cost the same as domestic transactions.
15 October 2008
European think tank Eurofi has called on the European Commission to institute tougher enforcement of settlement harmonisation and consolidation programmes aimed at cutting costs of cross-border post-trade services across the EU.
11 September 2008
EU authorities have called on banks to push ahead with plans to introduce a pan-European direct debit payments system, even if interchange fees are initially charged for cross-border transactions.
04 September 2008
The European Commission and the European Central Bank have welcomed a document published by the banking industry-backed European Payment Council that paves the way for a competitive single market for card payment card schemes by 2010.
22 August 2008
An advisory group has put forward recommendations for breaking down legal barriers to the cross-border holding and settlement of securities in the European Union, including proposals to enable issuers to choose which central securities depository they want to use.
The European Central Bank is to press ahead with the launch of its contentious settlement harmonisation project Target2-Securities and has assigned the development and operation of the facility to the Deutsche Bundesbank, the Banco de España, the Banque de France and the Banca d'Italia.
17 July 2008
The European Central Bank (ECB) is calling on central securities depositories (CSDs) to sign up to Target2-Securities (TS2), its proposed integrated securities settlement system in the euro zone.
23 May 2008
The first stage implementation of the single euro payments area (Sepa) - which aims to make cross-border payments as cheap as domestic transactions - has gone live with the official launch of the Sepa payment instrument for credit transfers.
28 January 2008
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