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The Italian Competition Authority finds an anti-competitive agreement in the banking sector but does not impose any fine (ABI / SEDA)

The Italian Competition Authority (ICA) has recently closed an Article 101 TFEU investigation it had opened in the case ABI/SEDA by an infringement decision [1]. The ICA found the parties to have put in place an anti-competitive agreement in the banking sector. Though the agreement was qualified as a competition restraint by object, the ICA, however, did not levy any penalty on the parties. The facts of the case Sepa Direct Debit (Sepa DD), which was introduced by EU Regulation 260/2012, is a pan-European payment system by which the payor gives mandate to its payment service provider (PSP) to debit on his bank account the amount of money corresponding to what is due to the payee. Importantly, the EU Regulation 260/2012 allows each PSP to freely decides the fees to charge for the

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Michele Giannino, The Italian Competition Authority finds an anti-competitive agreement in the banking sector but does not impose any fine (ABI / SEDA), 28 April 2017, e-Competitions Bulletin April 2017, Art. N° 84366

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