CASE COMMENT: REGULATION - UNIVERSAL BANKING SERVICE

Universal banking service : The French Competition Authority renders an opinion on the possibility to set up a universal banking service in accordance with competition law (CLCV)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. The CLSA's request may come as a surprise at first glance since the law of 29 July 1998 on the fight against exclusion, confirmed by Law n° 2001-1168 of 11 December 2001, introduced a right to the account offering a service very close to universal service. At this except that this basic banking service is only available to those who have been natural or legal persons without a custody account, so that that it is not accessible to anyone who already has an account. Now.., in practice, very few people benefit from the right to the account (between 15,000 to 20,000, to be considered in view of the population of the banned persons. (in fact, the ban on

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Universal banking service : The French Competition Authority renders an opinion on the possibility to set up a universal banking service in accordance with competition law (CLCV), 31 March 2005, Concurrences N° 3-2005, Art. N° 60763, www.concurrences.com

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