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21/09/2014 - The economic impact of interchange fee regulation - Italy

The economic impact of interchange fee regulation in Italy; a report for Mastercard. Andrew Lilico, Executive Director of Europe Economics and author of the report, said: “The impact of similar legislation around the world provides a clear warning of the need for further scrutiny of the proposed regulations.  The experience in Spain, Australia and the United States has been that consumers have so far paid more in banking fees, but not seen a reduction in prices at the shops. Large retailers appear to gain the most, while small businesses might not enjoy the same reductions in fees, but could pay more for their banking services.     Proposals to regulate commercial cards and separate schemes and card processing are likely to be particularly disruptive. The consequences of legislative interference in interchange fee rates require much more careful examination than they have received up to now. The justification for action is not rigorous enough for an intervention with so many poorly understood risks.”

21/09/2014 - The economic impact of interchange fee regulation - Germany

The economic impact of interchange fee regulation in Germany; a report for Mastercard. Andrew Lilico, Executive Director of Europe Economics and author of the report, said: “The impact of similar legislation around the world provides a clear warning of the need for further scrutiny of the proposed regulations.  The experience in Spain, Australia and the United States has been that consumers have so far paid more in banking fees, but not seen a reduction in prices at the shops. Large retailers appear to gain the most, while small businesses might not enjoy the same reductions in fees, but could pay more for their banking services.     Proposals to regulate commercial cards and separate schemes and card processing are likely to be particularly disruptive. The consequences of legislative interference in interchange fee rates require much more careful examination than they have received up to now. The justification for action is not rigorous enough for an intervention with so many poorly understood risks.”

21/09/2014 - The economic impact of interchange fee regulation - France

The economic impact of interchange fee regulation in France; a report for Mastercard. Andrew Lilico, Executive Director of Europe Economics and author of the report, said: “The impact of similar legislation around the world provides a clear warning of the need for further scrutiny of the proposed regulations.  The experience in Spain, Australia and the United States has been that consumers have so far paid more in banking fees, but not seen a reduction in prices at the shops. Large retailers appear to gain the most, while small businesses might not enjoy the same reductions in fees, but could pay more for their banking services.     Proposals to regulate commercial cards and separate schemes and card processing are likely to be particularly disruptive. The consequences of legislative interference in interchange fee rates require much more careful examination than they have received up to now. The justification for action is not rigorous enough for an intervention with so many poorly understood risks.”

21/09/2014 - The economic impact of interchange fee regulation - Austria

The economic impact of interchange fee regulation in Austria; a report for Mastercard. Andrew Lilico, Executive Director of Europe Economics and author of the report, said: “The impact of similar legislation around the world provides a clear warning of the need for further scrutiny of the proposed regulations.  The experience in Spain, Australia and the United States has been that consumers have so far paid more in banking fees, but not seen a reduction in prices at the shops. Large retailers appear to gain the most, while small businesses might not enjoy the same reductions in fees, but could pay more for their banking services.   Proposals to regulate commercial cards and separate schemes and card processing are likely to be particularly disruptive. The consequences of legislative interference in interchange fee rates require much more careful examination than they have received up to now. The justification for action is not rigorous enough for an intervention with so many poorly understood risks.”

21/09/2014 - The economic impact of interchange fee regulation - UK

The economic impact of interchange fee regulation in the UK; a report for Mastercard. Andrew Lilico, Executive Director of Europe Economics and author of the report, said: “The impact of similar legislation around the world provides a clear warning of the need for further scrutiny of the proposed regulations.  The experience in Spain, Australia and the United States has been that consumers have so far paid more in banking fees, but not seen a reduction in prices at the shops. Large retailers appear to gain the most, while small businesses might not enjoy the same reductions in fees, but could pay more for their banking services.   Proposals to regulate commercial cards and separate schemes and card processing are likely to be particularly disruptive. The consequences of legislative interference in interchange fee rates require much more careful examination than they have received up to now. The justification for action is not rigorous enough for an intervention with so many poorly understood risks.”