As the de Larosière Report indicates, ‘[i]n essence, we have two alternatives: the first “chacun pour soi” beggar-thy-neighbour solutions; or the second – enhanced, pragmatic, sensible European cooperation for the benefit of all to preserve an open world economy. This will bring undoubted economic gains’.
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New version applies from 12/01/2016 — introduced by Payment Services Directive (PSD2).
80 provisions change.
Later versions: 30/03/2019, 01/01/2020, 26/06/2021, 30/12/2024, 10/11/2025, 31/12/2025.
Recital 35 changes in this version: compare with the current text.