Eurozone crisis prompts Euro1 payment service to cut credit floors


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

To continue reading...

You need to sign in to use this feature. If you don’t have a 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 indvidual account here: