Executive Reports
RBR’s “Executive Reports” provide expert opinion on topical issues in the banking automation, ATMs, cards and payments sectors. They provide a mix of information, analysis, insights and implications and are aimed at senior executives or others looking for concise evaluations of key industry issues.
What does the European Commission’s retail banking inquiry mean for banks and other industry players?
Published: March 2007
Pages: 33
Price: £550 (printed format)
On 31st January the European Commission published the final report on its sector inquiry into retail banking, covering current accounts and related services and the payment cards industry. The inquiry was initiated in June 2005 because the Commission was concerned about a lack of competition, particularly cross-border competition, in the EU.
The final report identified competition concerns in payment systems (including card payment systems), credit registers, cooperation between banks and the setting of prices and policies; conclusions that will have a significant impact upon the European banking industry in the future.
This Executive Report assesses the key findings of the sector inquiry and provides a strategic analysis of the implications for banks, card organisations and other institutions in four main areas: payments cards, retail banking, clearing and settlement systems and credit registers.
