The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

The 2009 guide to SEPA: Staying focused


Download guide (PDF)

Introduction: Making sure that SEPA delivers

The advent of the SEPA credit transfer (SCT) on 28 January 2008 and the clarification of details about the SEPA Direct Debit (SDD), for which a launch date of 2 November 2009 has now been set, should have given SEPA its moment in the sun. However, circumstances conspired to ensure that SEPA was not at the top of most corporate agendas over the past year.

While SCT volumes grew steadily and in line with expectations throughout 2008, the

sharply worsening financial and economic environment from September 2008 directed

everyone’s attention to the more pressing concerns of effectively managing liquidity and

mitigating risks, including concentration risk. SEPA rapidly became a non-immediate item

on companies’ to-do lists.

There is a considerable irony in this. While corporates have numerous demands on investment

budgets, SEPA has never been – or at least should never have been – seen as distinct

from companies’ pre-existing goals. Instead, SEPA should be viewed as an enabler that can

help companies achieve their objectives.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree