This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Banks must not abuse online-payment rules to block competitors, EU warns

By John Rega and Lewis Crofts ( July 28, 2015, 15:56 GMT | Insight) -- Banks must not abuse Internet-security guidelines to block new competitors in online payments, EU antitrust and financial officials have warned regulators in an unusual rebuke from the European Commission. Senior staffers urged the European Banking Authority in a confidential letter to stipulate that the measures shouldn’t let banks freeze out novel services such as Sofort Banking and Trustly Group. The guidelines take effect this week.Banks must not abuse Internet-security guidelines to block new competitors in online payments, EU antitrust and financial officials have warned in an unusual rebuke of banking regulators by the European Commission....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login