Central Banking

We may not meet 2009 SEPA deadline, say banks

European Union banks have said that the introduction of a single euro payments system (SEPA) could face delays after the European Commission ruled they would not be able to charge for facilitating cross-border direct-debit payments.

The European Savings Banks Group, a trade body which represents a third of the retail banking markets in Europe, said Thursday that the industry would have to review the business case for SEPA after the European Commission said a default interchange fee for direct

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: