Global Glimpses

Czech bankers are worried about new European rules that may pose  systemic risks to countries across Europe. The legislation, which is currently being reviewed by the European Commission will cause big depositors and bondholders, instead of national regulators, to incur more losses. Bankers are worried that this could lead to destabilized banks and market volatility in some countries. Details inside.

MasterCard is once again in the spotlight, as the European Commission has swooped in on the company’s potential abuse of interchange fees. After a two-year investigation, Competition Commissioner Margrethe Vestager said, “MasterCard is artificially raising the costs of card payments, which would harm consumers and retailers in the European Union.” More inside.