16 January 2018
Gary Wright

Gary Wright

Gary Wright - BISS Research

277Posts 1,055,754Views 369Comments
A post relating to this item from Finextra:

ECB calls for mandatory Sepa migration deadline

22 October 2010  |  10444 views  |  3
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.

SEPA finally getting some teeth

22 October 2010  |  2757 views  |  0

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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job title Analyst
location London
member since 2007
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CEO of B.I.S.S. Research, founder of the BISS Independent Accreditation for all systems and services provided to financial services companies internationally. Guest Lecturer at Reading University and...

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