ECB's Tumpel-Gugerell on SEPA

Central Banking staff
07 Jun 2006

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In the speech 'What is the outlook for the Single European Payments Area (SEPA)?' given on 7 June Gertrude Tumpel-Gugerell of the ECB said the project is on track and many hands are needed for making the SEPA vision reality.

"The European Central Bank welcomes the proposed directive on payment services in the internal market as it establishes a comprehensive legal framework for payment services in the EU. It will doubtlessly assist the banking industry in the realisation of the SEPA. Thus, I

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