One option proposed by Murray is a tiered approach that would allow tougher surcharging constraints to be placed on low-cost cards. A number of other options are available to strengthen enforcement and disclosure practices, for example allowing schemes to cap surcharges that are not percentage based at some low fixed amount. On interchange fee regulation there are a number of issues to consider.
In addition to these initiatives, initial recommendations and a work plan to strengthen the regulation and oversight of the shadow banking system were also agreed upon.