Interchange Fee Regulation in the EU and Elsewhere
12 PM EST
The European Union recently began to regulate payment card interchange fees. Other jurisdictions have taken similar steps, for example the United States now regulates interchange fees on debit cards and the Canadian Government negotiated voluntary limitations on these fees with Visa and MasterCard. Our panel, which includes representatives of the European Commission and the European banking industry, a U.S. attorney, and an economist, will describe the new EU regulations and discuss their likely effect on the payment card industry and on consumers. They will then debate the various arguments for and against regulating these fees.
*Kyriakos Fountoukakos, Herbert Smith Freehils
*John Cooney, Venable
*David Evans, Global Economics Group
*Alex Gee, European Commission
*Natalie Greenwood, Lloyds Banking Group
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