Eurozone crisis prompts Euro1 payment service to cut credit floors

eurocoins

Eurozone interbank payment service Euro1 is to cut its minimum credit floor from €5 million to €2 million in response to the continuing eurozone sovereign debt crisis, Euro1 director Alan Taylor says.

Speaking to Operational Risk & Regulation, Taylor says: "We are reducing the forced limit that you have to give to everyone. Given what's happening around Europe some banks are from countries that are really struggling; everywhere else they are cutting their limits, so they shouldn't have to keep

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: