automatically be transferred to consumers by their banks. Payment systems are inherently complex: the bank of the cardholder interacts with the cardholder, the bank of the merchant interacts with the merchant [...] holder- issuing bank- acquiring bank- merchant). Many four payment card party schemes are using an explicit interchange fee, mostly multilateral. Interchange fees (fees paid by acquiring banks to incentivise [...] overcome the fee differences by making use of card acceptance services offered by banks in other Member States; specific rules applied by the payment schemes prescribe the application of the interchange
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Commission is seeking to prevent banking crises, strengthen financial stability and ensure that taxpayers do not shoulder the burden of future banking crises. Parties affected: Banks and investment firms, supervisory [...] allowed to recapitalise banks directly, be factored into the recovery and resolution plans. In this regard the Directive is insufficiently specific. The inclusion of central bank facilities in the recovery [...] However, BaFin already requires systemically important banks to prepare recovery plans under section 25a German Banking Act (KWG). The current Bank Reorganisation Act (Kreditinstitute-Reorganisationsgesetz)
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n Roadmap for a Banking Union (COM(2012) 510). – The Regulation assigns prudential supervision tasks to the European Central Bank (ECB). The existing tasks of the European Banking Authority (EBA) are [...] in banking supervision could damage the ECB’s reputation. The ECB has no experience whatsoever in banking supervision. (3) A strict separation within the ECB between monetary policy and banking supervision [...] will assume the supervision of all banks in the euro zone (Art. 27 (2)). – It may also assume the supervision of a bank before 1 January 2014, in particular if the bank has “received or requested public
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migration end-date(s) should cover only interbank space (i.e. bank/bank and bank/infrastructure communication) or the complete end-to-end payment chain (including customer/bank communication)? Please explain [...] Wuppertal DE Sveriges Riksbank SE Swedbank AB SE Swedish Bankers’ Association SE SWIFT SCRL EU Telecom Italia S.p.A. IT Telefonica Group ES Telegraaf Media Groep N.V. NL The Bank Association of Slovenia [...] expressed their support for an end-date covering not only the interbank (or payment service provider) space, but also the customer to bank and bank to customer spaces. In terms of communication, this was seen
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migration end-date(s) should cover only interbank space (i.e. bank/bank and bank/infrastructure communication) or the complete end-to-end payment chain (including customer/bank communication)? Please explain [...] Wuppertal DE Sveriges Riksbank SE Swedbank AB SE Swedish Bankers’ Association SE SWIFT SCRL EU Telecom Italia S.p.A. IT Telefonica Group ES Telegraaf Media Groep N.V. NL The Bank Association of Slovenia [...] expressed their support for an end-date covering not only the interbank (or payment service provider) space, but also the customer to bank and bank to customer spaces. In terms of communication, this was seen
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Composition and functioning of the ESRC Central banks should have a leading role in macro-prudential supervision. The main responsibilities of central banks relate to the maintenance of monetary and financial [...] central banks for the formulation of monetary policy, although additional information and analysis of vulnerabilities in the financial system would also be required. Furthermore, central banks have a [...] financial stability is a fundamental responsibility of central banks, the Commission will propose that the ESRC would include the central bank governors of the 27 Member States and the President of the
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is the Deutsche Bundesbank (German Central Bank) that is affected by the conflict of interest of central banks. If the Bundesbank – as is currently being debated – is to exercise banking supervision in [...] central banks also causes a conflict of interests, since in 15 of the 27 Member States, central banks also participate in the micro-prudential supervision of single banks, as does the Bundesbank in Germany [...] e. also representatives of the Bundesbank – can identify systemic risks which also question the decisions and assessments of the Bundesbank in its function as a banking supervisory authority. Alternative
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areas: bank capital framework, bank loan loss provisions as well as leverage and valuation issues. Recommendations for bank capital framework were developed with the Basel Committee on Banking Supervision [...] Central Bank and the Bank of England not been accepting securitization as collateral to provide banks with much needed liquidity: in 2008, 95% of all securitization issuance was retained by banks for repo [...] be essential. Bank Regulation With regard to bank capital regulation, the Basel I framework required banks to hold a minimum amount of capital for each type of exposure, and banks were required to
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only. Banks investing in STS-securitisations profit from preferential regulatory treatment. – Securitisations allow banks to remove credit risks from their balance sheets. This frees up bank capital [...] lending capacity of banks in the COVID- 19 crisis. Affected parties: Banks, investors in securitisations. Pro: (1) The proposed exceptions for NPE-securitisations reflect their specific nature. The proposed [...] NPE-securitisations as a means to remove these NPE-loans from bank balance sheets is laudable, as it frees up banks’ capital and thus increases banks’ lending capacity. This lending capacity will be necessary
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1024/2013, conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions, conferring upon the European Central Bank (ECB), acting [...] context where bank supervision is effectively moved to a single supervisory mechanism, a single resolution mechanism will be required, with the necessary powers to ensure that any bank in participating [...] the relevant provisions of, respectively, Regulation 1024/2013, conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of institutions
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