More on my euro week and it’s funny how the world goes around, what goes up must come down, tomorrow is another day, and e-invoicing is not part of SEPA. The European Payments Council (EPC), which comprises the bank policymakers of SEPA, has explicitly said so: e-invoicing is not part of SEPA. I asked the…
More on my euro week and it’s funny how the world goes around, what goes up must come down, tomorrow is another day, and e-invoicing is not part of SEPA. The European Payments Council (EPC), which comprises the bank policymakers of SEPA, has explicitly said so: e-invoicing is not part of SEPA. I asked the…
There were plenty of discussions at the European Parliament about SEPA, but most of the discussions narrowed down to the current top-of-mind issues related to card and interchange fees. With the decision on MasterCard’s Interchange fees about to be handed down, here’s a flavour of the discussion as presented in two speeches. The first is…
After eighteen months, the European Parliament once again opened their doors to a dialogue about the state of European financial services. With a series of presentations and top-notch speakers, we review: “The implications for EU integration of globalised financial services” “Can the EU legislative framework cope with cross-border developments, worldwide competition and market strains?” “Perspectives…
Last night we entertained Steve Wilmott, Head of the Economic Crime Unit for the City of London Police, at the Financial Services Club. He was presenting the implementation of the results of the UK’s Fraud Review, which combined the efforts of the Serious Fraud Office, the Police and Government departments, after being kicked…
Last night we entertained Steve Wilmott, Head of the Economic Crime Unit for the City of London Police, at the Financial Services Club. He was presenting the implementation of the results of the UK’s Fraud Review, which combined the efforts of the Serious Fraud Office, the Police and Government departments, after being kicked…
I had a good debate today with Citibank who, as we know, are heavily focusing upon taking a slice of workers’ remittances following their February announcement when they teamed up with Vodafone to offer mobile payments for migrant workers. Most economic migrants do not trust banks as banks do not cater for the low-wage worker…
I was fascinated to see an update on how CLS, the Continuous Linked Settlement system for FX, has progressed. CLS was founded in 1997 to eliminate settlement risk in the foreign exchange markets and now handles fifteen currencies: the US Dollar, the Euro, UK Sterling, Japanese Yen, Swiss Franc, Canadian Dollar, Australian Dollar, Swedish Krona,…
I was fascinated to see an update on how CLS, the Continuous Linked Settlement system for FX, has progressed. CLS was founded in 1997 to eliminate settlement risk in the foreign exchange markets and now handles fifteen currencies: the US Dollar, the Euro, UK Sterling, Japanese Yen, Swiss Franc, Canadian Dollar, Australian Dollar, Swedish Krona,…
