Central Banking

ECB warns on Sepa timetable

The European Central Bank has issued a raft of amendments to a draft Directive on harmonising payment services in the EU, and warned that any delays in adoption of the rules could wreck the proposed timetable for the introduction of a Single Euro Payments Area (Sepa).

The draft Directive is intended to create a comprehensive legal framework for payment services across the EU and smooth the way for the introduction of Sepa-compliant national schemes on 1 January 2008 and the full migration of t

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