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An article relating to this blog post on Finextra:

ECB calls for mandatory Sepa migration deadline

The European Central Bank (ECB) says self-regulation on Sepa has not achieved the expected results and is calling on legislators to now set a mandatory migration timeline.

See article

SEPA finally getting some teeth

The news that SEPA is going to be forced down the throats of Banks is a very welcome move all be it several years late. Banks anr like Turkeys never voting for Xmas and the embarrasing phoney war that has been waged over SEPA has resulted in an inevitable regulatory and legal motivation.

Lets hope that any sanctions are pitched at a severe level

I also hope that Banks are forced to engage in a marketing of SEPA to their clients detailing whats on offer and the price. There should be transparancy in pricing

SEPA with its Credit Transfers and Direct Debits has a wide consumer interest and it must be made clear to all in the EU what they should expect their banks to offer. Personally i would name and shame banks that fail to prove they are in compliance with meeting consumer , corporate and SME requirements

So its never too late and with SEPA getting some baby teeth perhaps we can all move forward 


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