Financial Services Financial Services

Visa, Mastercard carveout from cloud-computing law could weaken EU financial system, EBA official says

By Jack Schickler
  • 05 May 2021 07:35
  • 05 May 2021 07:35
Excluding Visa and Mastercard IT systems from direct oversight under new EU legal proposals could allow them to become the “weakest link” in the resilience of the bloc's financial system, a European Banking Authority official has said. 
The comments from the EU financial watchdog come after France, Sweden and Spain

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Discover MLex

Stay on top of global regulatory developments

Latest News