Bid to redraw European payments landscape faces delays

While the contentious proposed EU cap on banks’ card fees has drawn much attention, the Payment Services Directive is also courting controversy, with respect to the ability of third-party providers to offer payment initiation services and refund obligations for Sepa direct debits.

Hungarian forint on the brink

The Hungarian forint is set to come under pressure as the country’s government prepares to mitigate the effect of FX loans taken on ahead of the financial crisis in a bid to garner popularity before next year’s elections.

Fears revive of Portuguese PSI

The immediate panic over severe strains in Portugal’s coalition government in reaction to voters’ austerity fatigue is raising fears beyond a delayed restoration of market access.