What does Sepa involve?
Sepa and the PSD: a brief history
What corporates must do
ON JANUARY 28, 2008, the Single Euro Payments Area became a reality. No flags were waved, no confetti was thrown and no Euro-anthems were played. This effort to harmonize national payment systems – seen by some as the culmination of the introduction of the euro and the final stage in the creation of a true single market – debuted without anyone outside the cash management industry even noticing.
Why the deafening silence on such a momentous occasion? To be sure, Sepa has nothing like the popular impact or appeal of the introduction of the euro, which might have contributed to keeping it off the front pages. Perhaps more important, Sepa – although a bank-led initiative – has got bogged down in European Union inertia, resulting in its introduction being staggered, and therefore lessening its impact.
You do not currently have access to this content. To gain access visit the subscription page or call our hotline on +44 (0)207 779 8999.
Are you already registered? If so, please enter your username and password here to continue.
Know your email address?
Click here for your password.
Questions about your subscription status?
Email us or call: +44 (0) 20 7779 8888
Subscribers to Euromoney benefit from:
- Exclusive access to euromoney.com - Read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 2000.
- 12 monthly issues of Euromoney magazine
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
Click here to subscribe