Policy Briefs

Published in: 
Author(s): 
Ales Chmelar

This paper sketches the main features and issues related to recent market developments in global transaction banking (GTB), particularly in trade finance, cash management and correspondent banking. It describes the basic functioning of the GTB, its interaction with global financial markets and re-lated implications of global regulatory developments such as Basel III.

Published in: 
Author(s): 
Frederic Helsen, Ales Chmelar

European-wide data concerning both companies and households indicate that the credit rationing phenomenon, which has been predicted by theory, does in fact occur to a significant degree in the Euro

Published in: 
Author(s): 
Elina Pyykko

The Payment Services Directive was intended to provide more price transparency for users and a level playing field for efficient competition among different payment services by decreasing the inhibiting effects of different legislation, cross-subsidisation and non-cost-based pricing.

Published in: 
Author(s): 
Karel Lannoo, Maria Gerhardt

With the financial crisis, citizens suddenly realized that different levels and forms of depositor protection co-existed in the EU, whereas they had been told for almost 20 years that a single market was in place. Current deposit insurance arrangements in Europe need to be changed, as they match neither market integration nor consumer expectations.

Published in: 
Author(s): 
Karel Lannoo

This paper starts with a bird’s eye view of retail financial markets in the EU today and their degree of integration.

Published in: 
Author(s): 
Filipa Figueira

The European Commission has recently taken several initiatives to increase the financial capability of EU consumers.

Published in: 
Author(s): 
Pauli Lepistö, Marc Rothemund, Nicola Jentzsch

Two years of intensive negotiations have ended with the adoption of the Payment Services Directive by the European Parliament in the first reading, and the proposed legislation is due to be adopted shortly by the EU Council.