Hermann Remsperger: The importance of the European Monetary Union in transatlantic relations  Speech by Professor Hermann Remsperger, Member of the Board of the Deutsche Bundesbank, at the 7th Transatlantic Summer Academy on “Europe facing the 21st century: defining the central issues”, Zentrum für Europäische Integrationsforschung, Rheinische Friedrich-Wilhelms-Universität in Bonn, on 26 June 2000.
The potential benefits of PSD2 might be frustrated if banks and payment service providers would communicate by a wide diversity of technical interfaces. Common standards help to create a critical mass and to incite new players to enter the market. Standardization is not provided for by PSD2 or its lower regulations. For good reasons, as regulations should be technologically neutral and principle-based.