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NEWS: Christine Lagarde calls for EU to end reliance on Visa and Mastercard

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European Central Bank (ECB) President Christine Lagarde speaks to reporters following the Governing Council's monetary policy meeting at the ECB headquarters in Frankfurt, Germany, January 25, 2024. REUTERS/Kai Pfaffenbach

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By PAUL O’DONOGHUE, Senior Correspondent

EUROPEAN Central Bank President Christine Lagarde has urged the EU to reduce its reliance on U.S. payment systems such as Mastercard and Visa.

She called for a “march towards independence” and said Europe must develop its own platforms to secure financial sovereignty.

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LATEST: ECB has concerns over propsed CEO at Italy’s Banca MPS

BREAKING: UK fines Apple for breaching Russia sanctions

BREAKING: US Treasury proposes rule to pay whistleblowers up to 30% of fines

Regulatory Watch News

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    HKMA

    The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to the press releases issued by the banks listed below relating to fraudulent websites, internet banking login screens, phishing emails or other scams, which have been reported to the HKMA.  Hyperlinks to the press releases are available on the HKMA website.  

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  • OFSI General Licence INT/2023/2824812 extended

    OFSI

    On 27 March 2026, the General Licence INT/2023/2824812 was extended to 26 March 2028.

    Any persons intending to use General Licence INT/2023/2824812 should consult the copy of the Licence for full details of the permissions and usage requirements.

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