Publications

Published in: 
Author(s): 
Sylvain Bouyon

There are two main objectives behind the EC proposal on banking structural reform: the financial stability objective and the economic efficiency objective.

Published in: 
Author(s): 
Maria Chiara Malaguti, Alessandra Guerrieri

Two-sided payment card markets generate costs that have to be distributed among the participating actors. For this purpose, payment card networks set an interchange fee, which is the fee paid by the merchant’s bank to the cardholder’s bank per transaction.

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): 
Ales Chmelar

The fall in economic output all over Europe since 2008 has had important consequences for household liabilities. Major growth in demand and supply for household credit products has generated an increase in household debt, which contributed to growth rates during the pre-crisis period but – in some countries – became household-debt overhangs and helped inflate asset bubbles.

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): 
Ales Chmelar

The second-dip recession in Europe’s periphery has created a poisonous mix, which risks threatening further the financial system and the economy.

Published in: 
Author(s): 
Elina Pyykkö

The Data Protection Regulation proposed by the European Commission contains important elements to facilitate and secure personal data flows within the Single Market.

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.

Pages