24 Feb '12, 9pm

#domains: European Banking Authority (EBA) asks ICANN to stop .fin and .bank

According to a release on the website of the European Banking Authority (EBA), the organization calls ICANN to reconsider plans to allow .fin and .bank gTLDs and is asking ICANN to ban the establishment of financial services gTLDs alltogether . As main concerns it states: the potential lack of tie from the new financial TLDs to specific supervisors in specific countries the cost for existing banks to protect their trademarks in new gTLDs protection of the new gTLDs against fraud and phishing a “not-as-yet identified benefit” The Association reviewed the concept of new gTLDs targeting the financial market such as .fin or .bank in detail. The EBA’s Board of Supervisors then discussed this topic in detail in December 2011 and a related release was then finally issued yesterday after a letter was sent to ICANN on February 20th. The application process for new gTLDs started on ...

Full article: http://www.domainnamenews.com/new-gtlds/european-banking-...

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