This month's view from Europe, courtesy of Edith Rigler:
German consumers fear on-line banking - Handelsblatt, 22 August
2013
According to a study by Bitkom, the IT association in Germany, more than
one-third of German consumers are concerned about lack of security in internet
banking and thus refrain from it. Compared to a survey conducted last year,
this represents a 5 % increase. The concerns may be a direct result of the
NSA-discussion.
Increase in forged euro notes in circulation worldwide - Spiegel,
19 July 2013
European Central Bank data reveal that over the last six months the
number of forged euro notes in circulation has increased significantly.
About 13 % more forged notes were secured in the first half of 2013. This
is the highest amount since year-end 2010.
EU is starting a Single Market month debate on-line, European
Commission, August 2013
Between 23 September and 23 October 2013, the European Union will organise one
month of on-line debates on the Single Market. The discussion will focus on
four themes: jobs, social rights, banks and e-commerce. The aim of the Single
Market Month is to stimulate a dialogue between Europeans and collect as many
ideas as possible that could be taken into account when policy is being made.
Shadow banking communication forthcoming - European
Commission, August 2013
On 4 September, the Commission will adopt a communication on shadow banking. On
the same day, the Commission will also present its proposal for a Regulation on
Money Market Funds (MFF) – one of the areas for action outlined in the
communication.
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...