EU Commission launches review of e-banking directive
The European Commission has launched reviews of two banking directives: the E-Money Directive and the Deposit Guarantee Schemes Directive. The Commission aims to analyse whether these directives fulfil their initial objectives and are conducive to the competitiveness of the industry. The E-Money Directive was conceived and adopted at the height of the e-commerce boom, and was intended to facilitate access by non-credit institutions to the business of e-money issuance.
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