Comment: Sepa progress report

- Central Banking staff
- 21 Feb 2006

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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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