In this issue: Risk of lesser political salience of Antitrust Enforcement; Transposition into national law of the EU Directive on Damages; Model of Supplier of Last Resort in Portugal in the context of liberalization of Electricity and Natural Gas Markets; Theme-Section: Financial Law and Financial regulation, covering topics on the emergence of the so-called ‘shadow banking’, the framework of banking resolution measures, and the rating of sovereign debt; Case-law commentary on case C-67/13P (infringement of art 81 TEC, payment cards system, decision by an association of undertakings, issuing market, pricing measures applicable to ‘new entrants’, membership fee, mechanism for ‘regulating the acquiring function’ and ‘dormant member “wake-up”’ mechanism, concept of restriction of competition ‘by object’, examination of the degree of harm to competition.