The envisaged regulation willfail to achieve the Sepa objectives

The majority of market participants recognise that successful completion of the Single Euro Payments Area (Sepa)1) is contingent upon setting an end date for migration to the Sepa Credit Transfer (SCT) Scheme and Sepa Direct Debit (SDD) Scheme developed - at the request of regulators - by the European Payments Council (EPC).

The EPC proposes to set a binding end date for migration to the set of harmonised Sepa Schemes developed by the EPC in close dialogue with the customer …