Central Banking

Europe's ACHs bemoan Sepa's slow start

Europe's leading automated clearing houses (ACHs), which process and route payments, hit out at the lack of progress on the Single Euro Payments Area (Sepa) on Wednesday and called for an end date for national standards to hasten its implementation.

The adoption of Sepa "has been below most stakeholders' expectations so far," the ACHs said in a joint statement, "although we have been providing the necessary infrastructural base."

The ACHs are ACH Finland, the Bank of Italy, Deutsche Bundesbank

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