[Beretta_Vexee]

There are equivalents in several European countries. The problem is that these networks are national and not European, let alone global.

National banking players did not want to give up their turf. The European Union had to twist their arms to get them to agree to SEPA transfers, instant transfers, etc.

If banking players cannot agree, then regulation (or the threat of regulation) must be used.

[psychoslave]

Well, yes, but it happens that European directives do happen and are actually followed or enforced.

Without laws there would be no bank in the first place, neither at national or paneuropean level.