Stripe Warns Uneven EU Regulation Disadvantages Irish Firms

Stripe Inc. has warned that regulators in the European Union are applying some financial rules unevenly, putting Irish firms at a disadvantage to their EU counterparts in some cases.

“For individual firms, differing application of EU rules by national regulators — along with divergent national rules and supervisory approach — can tilt the playing field and create the potential for regulatory arbitrage,” the fintech firm wrote in its recently published submission to Ireland’s Retail Banking Review.

Irish firms are at a disadvantage in areas such as customer on-boarding in some cases, the fintech said. It suggests Ireland should benchmark its ...