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Europe Daily Bulletin No. 7968

19 May 2001
Contents Publication in full By article 21 / 39
GENERAL NEWS / (eu) eu/competition
European Banking Federation to submit to Commission a project aimed at reducing the price of cross-border transfers

Brussels, 18/05/2001 (Agence Europe) - The European Commission has confirmed that it was informed two weeks ago of a project by the European Banking Federation with a view to creating a multilateral interbank committee intended to reduce the price of cross-border transfers in Europe. The committee would fix at maximum three euros the commission that banks can pay among themselves during cross-border operations, thus reducing the total costs charged to the client to 10-12 euros as opposed to...

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