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Europe Daily Bulletin No. 9084

8 December 2005
Contents Publication in full By article 34 / 36
GENERAL NEWS / (eu) eu/internal market
Draft Payments Directive criticised by European banking industry

Brussels, 07/12/2005 (Agence Europe) - The draft directive on creating a Single Euro Payment Area (SEPA), unveiled on 1 December by the European Commission, has been broadly welcomed by the European banking industry with a few recurring criticisms.

The European Association of Public Banks (EAPB) broadly supports the creation of a legal framework for payment services but warns about over-regulation. Henning Schoppmann, Secretary General of the EAPB, explains in a press release: “The common...

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