The EU has gone after mobile phone operators with the big guns over roaming charges, threatening legislation to force them to lower these. By contrast, Charlie McCreevy, the European Commission’s internal markets commissioner, continues to take a softly-softly line with the EU’s clearing and settlement providers on their pricing strategies and, ultimately, moves towards consolidation.
Although no discernible progress has been made since he last set these bodies a deadline, the commissioner is going out of his way to avoid lumbering the financial services industry with yet more regulation.
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