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...