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Internet Banking and the Law in Europe: Regulation, Financial Integration and Electronic Commerce [Hardcover]

Apostolos Ath. Gkoutzinis (Author)

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Book Description

November 20, 2006 0521860717 978-0521860710
The European Union has long sought to create a single financial area across Europe where consumers in one country benefit from financial markets and activities in other countries. With the emergence of the Internet as a platform for the provision of online banking services, the creation of a pan-European market for banking services appeared a realistic proposition. In practice, however, this has not happened. This book asks why and argues that the creation of banking markets via the Internet relies on both available technologies and appropriate laws and regulations. The institutional and legal framework for online banking services in the single European market are examined, as is the level of legal harmonization achieved in the UK, France and Germany under the influence of the EU Directives pertaining to online banking activities.

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Book Description

With the emergence of the Internet as a platform for the provision of online banking services, a pan-European market for banking services appeared a realistic proposition; however, this has not happened. This book asks why and argues that such a market relies on available technologies and appropriate laws and regulations.

About the Author

Associate, US Capital Markets Group, Shearman & Sterling (London) LLP.

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Inside This Book (learn more)
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
free economic movement, electronic banking activities, perfect mutual recognition, online banking activities, legal convergence, online investment services, economic regulatory law, single financial area, single financial market, ancial services, investor protection rules, providing investment services, legal harmonization, legal plurality, online securities trading, single banking licence, distance marketing, forum judge, information society services, electronic finance, legal diversity, consumer protection requirements, coordinated field, consumer credit agreements, providing online services
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Member States, United Kingdom, E-Commerce Directive, Council Directive, European Commission, Distance Marketing Directive, Basel Committee, Rome Convention, Banking Consolidation Directive, European Union, Brussels Regulation, Investment Services Directive, Règlement Général, New York, Unfair Terms Directive, European Council, Consumer Credit Act, Droit Bancaire, European Central Bank, Law Commission, Treaty Establishing the European Community, Alpine Investments, Annual Report, Banking Code, Council Regulation
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