The EU is stepping up the fight against fraud involving non-cash means of payment (credit cards, online shopping, etc.) by upgrading and modernising the existing rules.
The study presented in this event deals with the new competition challenges brought about by the increasing number of FinTech services, which are provided by newcomer start-ups, traditional financial institutions and big tech companies. Namely, network effects derived from the use of online-platforms, the use of customer data, algorithms, standardisation and interoperability can result in anticompetitive behaviour. The analysis takes a service-by-service approach to provide both, a descriptive breakdown and normative tools to anticipate and manage anticompetitive behaviours as they occur. This presentation was prepared by Policy Department A at the request of the ECON Committee.
Panel contribution by Yves Mersch, Member of the Executive Board of the ECB, at The Outlook for the Economy and Finance conference, Cernobbio, 6 April 2019
The European Fintech Alliance (EFA) kindly invites you to our Policy Day on 3 April 2019 in Brussels, to discuss how a European regulatory framework can help the fintech sector grow and contribute to its international competitiveness.
Speech by Yves Mersch, Member of the Executive Board of the ECB, Warsaw, 22 March 2019.
The European Banking Authority (EBA) launched today its central electronic register under the Payments Services Directive (PSD2). The register will provide information on several thousand payment and electronic money institutions and 150,000 agents within the EU. Its objective is to increase transparency and ensure a high level of consumer protection within the European Single Market.