Payment Systems in Turkey Payment and Electronic Money Institutions are entities licensed to operate as a payment institutions or electronic money institutions pursuant to the Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions (“Law No. 6493”) and the Regulation on Payment Services and Electronic Money Issuance and Payment…
Introduction On 28 June 2023, the European Commission announced the long-awaited Single Currency Package which consists of two Regulation proposals. The first proposed Legal Tender Cash Regulation (Regulation on the legal tender of euro banknotes and coins) aims to preserve the effectiveness of the legal tender status of euro-denominated cash. The second proposed Digital Euro…
The collapse of Crédit Suisse and its subsequent takeover by UBS has produced far-reaching effects, affecting the global banking landscape. Financial stability considerations and market turmoil surrounding the takeover have been widely discussed in the media. Other perspectives, however, have received relatively little attention. In this blog post, we consider a number of competition law…
