ecb speech, 2006-05-11
First, the European Payments Council has set objectives for January 2008, namely that is should be possible by that date to use the SEPA credit transfer and direct debit payment instruments; that the technical barriers be removed and the provisions and standards to ensure interoperability be defined; and that the necessary conditions for infrastructures to become SEPA-scheme compliant be established.
Sentiment: neutral
Topic: financial_stability