IDEAS home Printed from https://ideas.repec.org/a/prg/jnlcfu/v2016y2016i1id470p99-116.html
   My bibliography  Save this article

Account with basic features - risk or benefit?
[Účet se základními prvky - riziko nebo přínos?]

Author

Listed:
  • Otakar Schlossberger

Abstract

On 23 July 2014, European Parliament and Council Directive 2014/92/EU on the comparability of fees related to payment accounts, payment account switching and access to payment accounts with basic features (hereinafter the "Directive") was published in the Official Journal. The transposition of the Directive into national laws and regulations of member states should result in the improvement of the harmonization of legal environment in the field of retail banking. The main aim of this paper is to characterize the Directive and determine through the methods of deduction and analysis, whether the selected banks in the Czech Republic are already prepared to apply the part of Directive that deals with services related to the management of account with basic features. From the view of the author will be assessed if this will actually result in wider available of the provided payment services in relation to the risks related to this activity with regard to the entities acting as service providers. At the same time, hypothesis expressed by the following statement that will either be confirmed or refuted by the author can also be defined: "The services required by the Directive for accounts with basic features are already provided by selected credit institutions, and the implementation of the Directive in this area will thus be smooth."

Suggested Citation

  • Otakar Schlossberger, 2016. "Account with basic features - risk or benefit? [Účet se základními prvky - riziko nebo přínos?]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2016(1), pages 99-116.
  • Handle: RePEc:prg:jnlcfu:v:2016:y:2016:i:1:id:470:p:99-116
    DOI: 10.18267/j.cfuc.470
    as

    Download full text from publisher

    File URL: http://cfuc.vse.cz/doi/10.18267/j.cfuc.470.html
    Download Restriction: free of charge

    File URL: http://cfuc.vse.cz/doi/10.18267/j.cfuc.470.pdf
    Download Restriction: free of charge

    File URL: https://libkey.io/10.18267/j.cfuc.470?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Payment services; Payment account with basic features; Regulation; Availability; Transparency; Platební služby; Platební účet se základními prvky; Regulace; Dostupnost; Transparentnost;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnlcfu:v:2016:y:2016:i:1:id:470:p:99-116. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stanislav Vojir (email available below). General contact details of provider: https://edirc.repec.org/data/uevsecz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.