Proposed Variation to the MasterCard and Visa Access Regimes: Consultation Document – December 2013 Attachment 1 – Questions Asked in the Initial Consultation
- What is the nature of the risks faced by the card schemes and their members if a participant were to fail?
- What is the most appropriate way to address those risks? What rules and procedures do the schemes currently have in place?
- To what extent should the means of addressing risk be left in the hands of the schemes: that is, is there any role for regulatory oversight of these practices?
- Is it appropriate to retain the Access Regimes in their current form?
- How should the Access Regimes be varied if change is appropriate?
- What criteria should be used to determine eligibility in the absence of the regulatory requirements on access?
- What would be the potential effect on incumbent participants of extending eligibility for participation?
- Do scheme participants need to be authorised and subject to prudential oversight by APRA and what is the purpose of APRA oversight should it continue?
- Are there alternative approaches that would allow a wider range of prospective entrants into the card schemes?