EPFSF Briefing: A Single Payments Area for Europe

20 April 2005

The European Parliaments Financial Services Forum (EPFSF) released a briefing note on the creation of a single payments area for Europe. Establishing the Internal Market for Payments and a truly Single Euro Payments Area (SEPA) is a political objective for the Commission, the ECB and the banks. It is the view that harmonisation of essential rules on Euro payment services would facilitate a Single Euro Payment Area and promote efficiency of payments throughout Europe.

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