Central Banking

Comment: Sepa progress report

In its fourth progress report on the Single Euro Payments Area (Sepa) the ECB says it "expects the European Payments Council (EPC) to take overall responsibility for defining and implementing a monitoring framework for each phase of the migration process".

COMMENT BY CENTRALBANKNEWS

In adopting a "hands-off" approach the central bank could be missing an opportunity to add the establishment of a harmonised payment system for Europe to its list of achievements.

When the objective of a single

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