05/02/2014 (Agence Europe) - SEPA: EP gives green light to extending transitional period. On Tuesday 4 February, the European Parliament approved the legislative proposal extending until August 2014 the transitional period during which bank transfers and direct debits made within the euro zone and which do not comply with the standards of the Single Euro Payments Area (SEPA) will continue to be accepted. Commissioner for the Single Market Michel Barnier called on the member states to step up...