39 KPMG, Mobile Banking 2015: Global trends and their impact on banks, p. 27. 40 KPMG, Mobile Banking 2015: Global trends and their impact on banks, p. 21. 12 In the area [...] Mobile Banking 2015: Global trends and their impact on banks, pp. 21-22. KPMG has posited that the increased engagement with financial products that stems from online banking encourages more active review [...] want to keep our bank account in the UK in order to receive our monthly pension. But our bank refuses to renew a debit card because we don't have a permanent address in the UK. The bank only agrees to
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stipulates that a customer may be charged for rejection of the transfer by his bank (no intermediary or beneficiary bank charges) only if he previously agreed to pay for such charges (when the contract [...] properly implemented by the banking industry. Information on charges is provided to customers in a variety of different ways, e.g. through the internet, tariff lists displayed in bank premises, information [...] 18 European Economic Area countries and Switzerland. 19 EPC consists of 67 Members, banks and banking associations from the 27 EU Member States as well as Iceland, Liechtenstein, Norway and S
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transparency and comparability of bank fees and bank account switching as part of the Commission's Work Programme for 2013.3 Previous initiatives in the field of retail banking have not only improved the ability [...] comparability and mobility in the internal market for bank personal current accounts"; a study on "Bank fees transparency and comparability and bank mobility"; and a survey of consumers' switching experiences [...] "give all EU citizens access to a basic payment account, ensure bank account fees are transparent and comparable, and make switching bank accounts easier".2 Furthermore, the Commission announced proposals
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consumers and users of banking services. The Banking Stakeholder Group shall meet at least twice a year. 3. The members of the Banking Stakeholder Group shall be appointed by the Board of Supervisors of the [...] presents the specific objectives of the European Banking Authority and matches them with related indicators: 38 Committee of European Banking Supervisors [...] financial services), their employees, and consumers and other retail users of banking services, including SMEs. The Banking Stakeholder Group should actively work as an interface with other user groups
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national central banks, the European Central Bank compiles and disseminates a wide range of monetary statistics and indicators regarding financial institutions. The European Central Bank and the Eurosystem [...] the ESRB. The choice is made to ensure a significant representation of central Banks. In most Member States, central banks have some degree of responsibility for macro-prudential oversight of the financial [...] the ECB; (b) the Governors of the national central banks; (c) a Member of the European Commission; (d) the Chairperson of the European Banking Authority; (e) the Chairperson of the European Insurance
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financial sector, reinforced banking regulation could drive a substantial part of banking activities beyond the boundaries of traditional banking and towards shadow banking. Against this background, [...] shadow banking activities through banking and insurance regulation The EU has taken important steps indirectly to address shadow banking issues raised by securitisation structures to deter banks to circumvent [...] MEASURES APPLY TO SHADOW BANKING IN THE EU? 6.1. Indirect regulation of shadow banking activities through banking and insurance regulation 6.3. Direct regulation of some shadow banking activities 7. OUTSTANDING
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sector, (ii) assessing the risk of a given bank relative to the banks of the Banking Union rather than to the banks of the national or DGS’s banking sector is likely to change the level of contribution [...] complement the Banking Union alongside bank supervision and resolution. It would both reduce the vulnerability of bank depositors to large local shocks and further reduce the link between banks and their [...] individual bank’s risk profile is determined relative to the remainder of its national banking system. Once EDIS becomes a system with joint liability at Banking Union level, an individual bank’s risk profile
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sector, (ii) assessing the risk of a given bank relative to the banks of the Banking Union rather than to the banks of the national or DGS’s banking sector is likely to change the level of contribution [...] complement the Banking Union alongside bank supervision and resolution. It would both reduce the vulnerability of bank depositors to large local shocks and further reduce the link between banks and their [...] individual bank’s risk profile is determined relative to the remainder of its national banking system. Once EDIS becomes a system with joint liability at Banking Union level, an individual bank’s risk profile
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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 [...] 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
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(MoU) that will build on the EU MoU signed in 2005 between Heads of Competent Banking Supervisory Authorities, Central Banks Governors and Finance Ministers in the EU. The new MoU will include: – the [...] to prevent bank failures. 2. In a crisis situation, primacy will always be given to private sector solutions which as far as possible will build on the financial situation of a banking group as a whole [...] obligations including possible amendments to EU-banking legislation, especially to: clarify the existing obligations for Supervisory Authorities, Central Banks and Finance Ministers to exchange information
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