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Europe Daily Bulletin No. 9186

6 May 2006
Contents Publication in full By article 22 / 35
GENERAL NEWS / (eu) eu/financial services
Commission and ECB want industry to set up Single Euro Payments Area by 2010 - Commission reserves right to introduce new legislation

Brussels, 05/05/2006 (Agence Europe) - On Thursday 4 May, the European Commission and the European Central Bank (ECB) issued a joint statement on their shared common vision for the Single Euro Payments Area (SEPA) and the process leading to its realisation. They back industry self-regulation under the European Payments Council (EPC) and the programmes it adopted on 8 March 2006, 'but given the importance and the size of the social and economic benefits of SEPA, the Commission expressly...

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