The Gathering Regulatory Storm for Visa and Mastercard
By: John Donnelly August 15, 2022 — The dominance of Visa Inc. (V) and Mastercard Inc. (MA) in traditional electronic payments—debit and credit cards—has rarely been questioned. If consumer spending increased, the two companies benefitted, aided by the ongoing move...
The Underappreciated Rise of EU Financial Services Price Regulation
By Sebastiaan Bierens July 18, 2022 — Price regulation in the EU financial services industry historically has been seen as a last resort. It has been used in instances of rampantly excessive consumer harm or when all other attempts to boost competition have failed....
Inflation and the Italian Bank-Sovereign “Doom Loop”
By: Mathew Gilbert Central banks around the world are struggling to get the right balance between reigning in record levels of inflation and avoiding an economic collapse, as policymakers hike interest rates and withdraw stimulus. While the European Central Bank (ECB)...
The Coming Battle over SEC’s Sweeping Market Structure Reforms
By Thomas Dee Two things are clear about Securities and Exchange Commission (SEC) Chair Gary Gensler’s plans for equity market structure reform. First, the SEC is considering sweeping reforms, most likely at the expense of wholesalers such as Citadel and Virtu...
