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Europe Daily Bulletin No. 9603

16 February 2008
Contents Publication in full By article 16 / 31
GENERAL NEWS / (eu) eu/financial services
Commission announces review of EU rules on cross-border payments in euro

Brussels, 15/02/2008 (Agence Europe) - In its 2008 report on implementation of Regulation 260/2001/EC, the European Commission announced that it is planning to suggest a number of amendments to the legislation to remedy shortcomings detected during the review process. It believes, however, that the EU legislation has generally met its two main objectives of cutting the cost of cross-border e-payments in euros to bring it down to the cost of a similar transfer in the same country; and...

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