Publications

07Nov
2011

One step closer to harmonised European payment systems

Published in: 
Policy Briefs
Author(s): 
Pauli Lepistö, Marc Rothemund, Nicola Jentzsch

Two years of intensive negotiations have ended with the adoption of the Payment Services Directive by the European Parliament in the first reading, and the proposed legislation is due to be adopted shortly by the EU Council.

07Nov
2011

The European Credit Information Landscape

Published in: 
Research Reports
Author(s): 
Marc Rothemund, Maria Gerhardt

Credit referencing occurs in many countries of the world with a primary purpose of collecting and providing information to help lenders make better decisions.

07Nov
2011

The Future of Retail Banking in Europe: Competition and regulatory challenges

Published in: 
Research Reports
Author(s): 
Nicola Jentzsch, Christian Wey

This report brings together in a single volume the excellent contributions presented at the high-level conference on “The Future of Retail Banking in Europe: Competition and Regulatory Challenges” held at CEPS on the 10th of June 2009.

07Nov
2011

Information Sharing and Cross-Border Entry in European Banking

Published in: 
Research Reports
Author(s): 
Caterina Giannetti, Nicola Jentzsch, Giancarlo Spagnolo

Information asymmetries can severely limit the cross-border border expansion of banks, if entering banks can only obtain incomplete information about potential new clients. Such asymmetries are reduced by credit registers, which distribute financial data on bank clients.

04Nov
2011

The Single Euro Payments Area: New Alliances Required to Tip the Market

Published in: 
Research Reports
Author(s): 
Jürgen Bott

When it was originally proposed, the Single Euro Payments Area (SEPA) was hailed for its potential to contribute significantly to making Europe the most competitive and dynamic knowledge-driven economy by 2010.

04Nov
2011

The Payment Services Directive: Pitfalls between the Acquis Communautaire and National Implementation

Published in: 
Research Reports
Author(s): 
Maria Chiara Malaguti

The Payment Services Directive (PSD) was published in late 2007, constituting the legal basis for the Single Euro Payments Area (SEPA). The industry initiative launched on 28 January 2008 aims at replacing fragmented national markets for payment services with one integrated system.

04Nov
2011

Retail Loans and Basel II: Using Portfolio Segmentation to Reduce Capital Requirements

Published in: 
Research Reports
Author(s): 
Daniel Kaltofen, Stephan Paul, Stefan Stein

The key concept underlying the Basel II framework for risk measurement and corresponding equity capital standards is that the existing regulations pertaining to credit risk will be individualised through reference to the internal ratings of banks.

04Nov
2011

Efficiency of Consumer Credit Companies in the EU: A Cross-Country Frontier Analysis

Published in: 
Research Reports
Author(s): 
Laurent Weill

The aim of this work is to provide empirical elements on the performance of consumer credit companies in the European Union by applying efficiency frontier techniques. These techniques, widely applied in banking literature, provide sophisticated measures of performance – the efficiency scores.

04Nov
2011

EU Data Protection in the Context of Financial Services

Published in: 
Research Reports
Author(s): 
Alfredo Sousa de Jesus

This report was prepared by Alfredo Sousa de Jesus, Research Fellow at CEPS. The views expressed in this study are attributable only to the author in a personal capacity and not to any institution with which he is associated.

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