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Europe Daily Bulletin No. 8081

29 October 2001
Contents Publication in full By article 20 / 43
GENERAL NEWS / (eu) eu/banking
European Banking Federation suggests voluntary code for harmonising cost of cross-border payments by 2006

Brussels, 29/10/2001 (Agence Europe) - In a last-ditch attempt to head off the adoption of a regulation to harmonise cross-border payments by the end of the year, the European Banking Federation is suggesting a voluntary code to gradually reduce the difference in cost between domestic and cross-border payments to zero by the year 2006. In a text adopted on Friday by its board of directors, the EBF proposes that the commission levied on cross-border payments compared with domestic payments...

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