The European Commission is proposing to extend the Sepa migration deadline by six months in the face of mounting evidence that market participants are struggling to meet the original February 2014 target for switchover to the new euro payment formats.
My very brief tweet is that this SEPA migration deadline extension sounds like an evident failure for banks. When working on SEPA they hardly ever answered the question: What's in it for my clients? Now clients are asking again and nobody has answered yet.
Finland has been there already for a good while. But I would rather have seen panEU e-invoicing first - hundreds of billions better business case.
CompetitiveNew York City, NY (USA)
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