Electronic Payments in the European Market
Creating a Level Playing Field between Banks and Non-Banks
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Electronic Payments in the European Market
Creating a Level Playing Field between Banks and Non-Banks
About this book
This book offers a holistic approach to the level playing field concept that takes into account six regulatory objectives of the European financial services regulatory framework for banks and non-banks. These intermediate objectives are: (i) facilitating market access by non-banks to provide payment services; (ii) safeguarding the security of the payments market; (iii) safeguarding the integrity of the payments market; (iv) enhancing consumer protection in case of an unauthorised or erroneous payments; (v) allowing non-banks access to payment systems; and (vi) facilitating collaboration between competing payment service providers to develop standards for the payments market that reflect the interests of both banks and non-banks. The book discusses the rules and regulations covering these intermediate objectives to determine the extent to which there is a level playing field between banks and non-banks. In addition, the book provides high-level summaries of competition law requirements and related case law, and will be of interest to researchers, academics, and financial law practitioners.
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Information
Table of contents
- Cover
- Front Matter
- 1. Introduction: Banks and Non-Banks in the European Market for Payments
- 2. Payments
- 3. Key Legislative Initiatives on the Establishment of an Internal Market for Payments
- 4. Non-Bank Market Access
- 5. Security Measures for Banks and Non-Banks
- 6. Anti-Money Laundering and the Allocation of Responsibilities Between Banks and Non-Banks
- 7. Allocation of Liability in Case of Unauthorised or Erroneous Payments
- 8. Payment Systems and Non-Banks Access to Payment Systems
- 9. EU Competition Enforcement in the Payments Sector
- 10. Concluding Remarks
- Back Matter