LAW & ECONOMICS: COMPETITION - FINANCIAL SERVICES - MULTILATERALE INTERCHANGE COMMISSIONS

Competition and financial services: The economic framework of multilateral interchange fees calculation

Decisional practice concerning multilateral interchange fees applicable to various payment means is now well established, with competition authorities converging towards a strict regulation of the levels of these fees. However, from an economic perspective, there remain serious methodological and practical issues about the way in which these levels are set.

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. 1. Decision-making practice with regard to inter-bank relations and in particular multilateral interchange fees ("MIFs") is already well established and continues to develop. As decisions are taken, competition authorities are putting in place a standardised and consistent form of MIF regulation. However, from an economic point of view, questions remain as to the methodological basis and practical implementation of the calculation of the recommended levels. This short article recalls the direction taken by the competition authorities and the questions it raises. I. Competition concerns 2. The European Commission ("the Commission") undertook a systematic

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Authors

  • Compass Lexecon (Paris)
  • Compass Lexecon (Paris)

Quotation

David Sevy, Jérémiah Juts, Competition and financial services: The economic framework of multilateral interchange fees calculation, May 2014, Concurrences N° 2-2014, Art. N° 65211, pp. 30-34

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