EU close to agreeing single payment area switchover

Author (Corporate)
Series Title
Series Details 14.4.11
Publication Date 14/04/2011
Content Type

EurActiv writes about a possible consensus that could emerge among the EU's institutions on setting a deadline for banks' switchover to the Single Euro Payments Area (SEPA) system. However, divisions persist among banks, insurers and others regarding certain features of the proposal, notably on the modality of the switch and various national waivers.

Senior officials and politicians representing the Hungarian EU Presidency, the European Parliament, the German Finance Ministry and the European Commission seemed ready to set a deadline for the SEPA switchover at a panel debate organised by Deutsche Bank on 12 April 2011.
Source Link Link to Main Source http://www.euractiv.com/en/euro-finance/eu-close-agreeing-single-payment-area-switchover-news-504052
Related Links
ESO: Background information: Brussels sets deadline for pan-European payment system http://www.europeansources.info/record/brussels-sets-deadline-for-pan-european-payment-system/
ESO: Background information: Website: Single euro payments area (SEPA) http://www.europeansources.info/record/website-single-euro-payments-area-sepa/
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