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Europe Daily Bulletin No. 9737

11 September 2008
Contents Publication in full By article 12 / 37
GENERAL NEWS / (eu) eu/financial services
Banking industry concerned at European institutions' SEPA stance

Brussels, 10/09/2008 (Agence Europe) - The European banking industry has expressed its concern that the European Commission and the European Central Bank have decided only to authorise multilateral interchange fees subject to conditions and for a limited period. These fees are to be used to fund the introduction of cross-border direct debit services by 2010 within the framework of setting up the Single European Payment Area (SEPA) (see EUROPE 9733). The European Savings Banks Group (ESBG)...

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GENERAL NEWS