Sector Regulation Sector Regulation

EU payments initiative comfort letter to stay secret, ECB says

By Jack Schickler
  • 24 Nov 2021 06:06
  • 24 Nov 2021 06:06
EU banks have received written support from the European Central Bank for a new payments initiative intended to rival Visa and Mastercard — but the regulator said it will keep the details of that comfort letter secret. 

ECB board member Fabio Panetta confirmed at a lawmakers' hearing last week that he

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