Bankers balk at EU proposals to enable account switching

The European Banking Federation (EBF) warned that the plans for empowering EU citizens with automatic cross-border rights to switch bank accounts within the bloc would be costly and too bureaucratic to implement.

• Primary Source

ESO: Background information: Bank accounts: Commission acts to make bank accounts cheaper, more transparent and accessible to all http://www.europeansources.info/record/press-release-bank-accounts-commission-acts-to-make-bank-accounts-cheaper-more-transparent-and-accessible-to-all/

ESO: Background Information: Proposal for a directive of the European Parliament and of the Council on the comparability of fees related to payment accounts, payment account switching and access to payment accounts with basic features http://www.europeansources.info/record/proposal-for-a-directive-of-the-european-parliament-and-of-the-council-on-the-comparability-of-fees-related-to-payment-accounts-payment-account-switching-and-access-to-payment-accounts-with-basic-fea/

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