EBA And Commission Still At Odds Over Interchange Standards

Authorities are still at a stalemate over rules forcing Visa and Mastercard to separate their schemes and processing activities, after an underwhelming scrutiny session in the European Parliament.

Although a final draft of the rules was published by the European Banking Authority (EBA) last summer, a dispute has since arisen with the European Commission over certain aspects of the text.

A European Parliament committee session to debate those disagreements took place on Tuesday, with representatives from the EBA and the commission both present, but was only attended by one MEP.

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