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On your marks for SEPA

The European Commission has today published proposals for the setting of end dates for the migration from legacy instruments to SEPA credit transfers and direct debits. It's taken a while but there has now been a ceremonial bowing to the inevitable.

Full clarity on the subject has still not been achieved but this is indeed a significant step on the road to a full SEPA. And for that, it should be a cause of some celebration.

At least the whole industry knows that serious planning can now no longer be delayed. We don't yet have the final ‘go' but we now know we're under starter's orders

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Comments: (1)

A Finextra member
A Finextra member 17 December, 2010, 10:30Be the first to give this comment the thumbs up 0 likes

Let's see how long it now takes for the end date to be set!  The unquestionable need for an end date has been discussed at nauseum so I'm not getting too excited that the Commission has finally agreed to take action.

Hopefully we're not in for another lengthy debate with an outcome of more exceptions than the rule!  Or am I just being pessimistic?

From: SEPA-jaded