Sunday, November 12, 2006

DNB research conference on payments and contribution by Katz

The conference programme with presentations can be found here. The hearsay has it that the conference was quite animated, indeed academic and with a very good presentation by Micheal Katz. Katz discusses the difference between antitrust action of government vs regulation of payments industry by regulators. Reading the slides, one might conclude that market players may be better of with the scrutiny requirements of the anti-trust domain (which demands governments to make a case which stands in court) as opposed to the more fuzzy regulation (where lobby-interests and regulatory capture may lead to unclear outcomes and positions).