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Banking

Cash management debate: Executive summary

Cash management debate - How to make sure that Sepa pays off
Cash management debate - Participants

• Sepa seeks to improve business efficiency, create a standardized payments world and consolidate infrastructure

• Clear cut-off points need to be established for the adoption of mechanisms, such as Iban and BIC, that will enable the payment systems, and for the abandonment of legacy systems

• More standardization is required in areas that banks have so far regarded as competitive space

• More efforts need to be made to bring bank and corporate bodies together for consultation on mass implementation

• A simplification and consolidation of clearing systems is imperative

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