31 January 2012
Is SEPA happening and does it matter?
"Is SEPA happening and does it matter?"
A panel discussion with:
- Gilbert Lichter, CEO, EBA
- Ruth Wandhofer, Head of Market Policy and Strategy, EMEA, Global Transaction Services, Citi
- Jose Beltran, Director of SEPA, STET
- Simon Bailey, Director, Logica
- Johnny Brit, former Chairman, Xenophobank
Started in 2002, in response to the Lisbon Agenda and Regulations on fees for cross-border cash withdrawals, the Single Euro Payment Area (SEPA) has been in the planning for a long time. In fact, it has been discussed for so long by so many that, for a lot of people, it’s become as dull as dishwater. This view may be wrong though as, after seven years of gestation, SEPA Direct Debits (SDDs) were finally born in November 2009 and the Payment Services Directive (PSD), which legally supports SDDs, was transposed and implemented in most European countries. So all is good is it not? Or maybe it is not as discovered in the annual European Payments survey of the Financial Services Club. What is the truth? Is SEPA here? Even if it is, does it actually matter? To find out the truth, the Financial Services Club has gathered some of Europe’s most preeminent commentators and activists in the SEPA discussion to provide insight and understanding.