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Electronic Payments in the European Market: Creating a Level Playing Field between Banks and Non-Banks

Electronic Payments in the European Market: Creating a Level Playing Field between Banks and Non-Banks

Author: Jan A. Jans
Publisher: Palgrave Macmillan
ISBN: 9783031643378
Published In: September 2024
Format: Hardback
Jurisdiction: Switzerland ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

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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.

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