Central Banking

ECB's Tumpel-Gugerell on card payments

In a speech on 'Card payments and the European financial integration' given on 21 September, Gertrude Tumpel-Gugerell of the ECB said beyond its role of facilitator, the ECB intends to strengthen its oversight policy in the area of retail payment systems and instruments. As it has become a tradition in our short history, the market will be consulted before any measures are taken.

"In our collaboration spirit with the EPC we are currently conducting an ad-hoc collection of data on card

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