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Europe Daily Bulletin No. 9030

20 September 2005
Contents Publication in full By article 26 / 53
GENERAL NEWS / (eu) eu/banks
Commission likely to adopt the proposed directive on cross-border payments by mid October

Brussels, 19/09/2005 (Agence Europe) - As announced in its Green paper on financial services between now and 2010, the Commission is to adopt its proposed directive on payments, most likely on 12 or 19 October (see EUROPE 8941). This legislative initiative will aim to remove legal and technical differences which subsist between the Member States, and which are obstacles to the creation of effective payments to within the internal market. Cross-border payments must become as easy as national...

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