COM(2007)33 - Sector Inquiry under Article 17 of Regulation (EC) No 1/2003 on retail banking (Final Report)
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official title
Communication from the Commission - Sector Inquiry under Article 17 of Regulation (EC) No 1/2003 on retail banking (Final Report)| Legal instrument | Communication |
|---|---|
| Decision making procedure | Own-initiative procedure (INI) |
| reference by COM-number63 | COM(2007)33  |
| Additional COM-numbers | SEC(2007)106 |
| procedure number65 | 2007/2201(INI) |
| CELEX number66 | 52007DC0033 |
| Document | 31-01-2007 |
|---|---|
| Online publication | 31-01-2007 |
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- 1.Interim reports were published on 12 April 2006 (payment cards) and 17 July 2006 (current accounts and related services).
- 2.Interim reports were published on 12 April 2006 (payment cards) and 17 July 2006 (current accounts and related services).
- 3.Figures taken from Interim Report II of the sector inquiry into retail banking.
- 7.Interim reports were published on 12 April 2006 (payment cards) and 17 July 2006 (current accounts and related services).
- 8.Figures taken from Interim Report II of the sector inquiry into retail banking.
- 11.This estimate refers solely to point of sale transactions. Automatic teller machine (ATM) transactions are not included.
- 12.The current analysis did not extend to ATM transactions.
- 13.Case COMP/34579.
- 14.Case COMP/38606.
- 15.A typical card payment mechanism is described in Interim Report I on payment cards
- 16.Portugal, Latvia, Estonia, the Czech Republic and Italy have the highest estimated levels of issuing profitability (gross profit-to-cost margin of at least 60%) of credit cards business, without accounting for interchange fee revenues.
- 17.The financial institution requirement may, however, no longer apply when the proposed Payment Services Directive is implemented.
- 18.The definition of co-branding may vary across card networks. It generally refers to the presence of the logo of the card network and a second logo (of another network or a non-bank) on the face of the card.
- 19.Surcharging is an option available to merchants to request additional fees for the use of the most expensive payment instruments.
- 20.Transactions under preferential fee agreements are also known as
- 21.Clearly the establishment and operation of credit registers must fully comply with Member States' data protection legislation. However, a full assessment of compliance is beyond the scope of the inquiry.
- 22.For instance, savings banks are still publicly owned and/or managed in some Member States such as Germany, Luxembourg and, to a substantial extent, Spain. They are totally privatised in others, mainly in the new Member States, restructured into a co-operative group form (France) or consist of hybrid structures with private and publicly owned savings banks alongside (Austria, Italy). Co-operative banks, on the other hand, are in general based on the principle to provide banking services to their owners, who are not permitted to own (or sell) a controlling number of shares.
- 23.Tying occurs when a bank makes the purchase of one product (e.g. a mortgage) conditional on the acceptance of another separate product (e.g. a current account).
- 24.The
- 25.This could for example be the case if an international cards scheme deems another scheme a competitor simply because it decides to operate outside its home Member State .
- 26.It should be remembered that in some Member States retailers currently face only one
- 28.
- 29.
- 30.The
- 32.Interim reports were published on 12 April 2006 (payment cards) and 17 July 2006 (current accounts and related services).
- 33.Interim reports were published on 12 April 2006 (payment cards) and 17 July 2006 (current accounts and related services).
- 34.Figures taken from Interim Report II of the sector inquiry into retail banking.
- 38.Interim reports were published on 12 April 2006 (payment cards) and 17 July 2006 (current accounts and related services).
- 39.Figures taken from Interim Report II of the sector inquiry into retail banking.
- 42.This estimate refers solely to point of sale transactions. Automatic teller machine (ATM) transactions are not included.
- 43.The current analysis did not extend to ATM transactions.
- 44.Case COMP/34579.
- 45.Case COMP/38606.
- 46.A typical card payment mechanism is described in Interim Report I on payment cards
- 47.Portugal, Latvia, Estonia, the Czech Republic and Italy have the highest estimated levels of issuing profitability (gross profit-to-cost margin of at least 60%) of credit cards business, without accounting for interchange fee revenues.
- 48.The financial institution requirement may, however, no longer apply when the proposed Payment Services Directive is implemented.
- 49.The definition of co-branding may vary across card networks. It generally refers to the presence of the logo of the card network and a second logo (of another network or a non-bank) on the face of the card.
- 50.Surcharging is an option available to merchants to request additional fees for the use of the most expensive payment instruments.
- 51.Transactions under preferential fee agreements are also known as
- 52.Clearly the establishment and operation of credit registers must fully comply with Member States' data protection legislation. However, a full assessment of compliance is beyond the scope of the inquiry.
- 53.For instance, savings banks are still publicly owned and/or managed in some Member States such as Germany, Luxembourg and, to a substantial extent, Spain. They are totally privatised in others, mainly in the new Member States, restructured into a co-operative group form (France) or consist of hybrid structures with private and publicly owned savings banks alongside (Austria, Italy). Co-operative banks, on the other hand, are in general based on the principle to provide banking services to their owners, who are not permitted to own (or sell) a controlling number of shares.
- 54.Tying occurs when a bank makes the purchase of one product (e.g. a mortgage) conditional on the acceptance of another separate product (e.g. a current account).
- 55.The
- 56.This could for example be the case if an international cards scheme deems another scheme a competitor simply because it decides to operate outside its home Member State .
- 57.It should be remembered that in some Member States retailers currently face only one
- 59.
- 60.
- 61.The
- 62.See: -->