Single european payment area (sepa)
European Commission proposes deadlines for national credit and debit transfers to migrate to Sepa system; move could divide stakeholders
European Payments Council chair slams European Commission's willingness to allow operation of multiple, national Sepa schemes; says plan would thwart aims of Sepa
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Single european payment area (sepa) articles
Systemically important payment systems get a "pass" mark but are asked to focus on crisis communication
LONDON – November 2 marked the deadline for the launch of the Single Euro Payments Area (Sepa) for direct debits. But the scheme, ostensibly designed to harmonise payments throughout the European Union's single market, has been slow to take off. Evidence...
LONDON – Only weeks before Europe’s Payment Services Directive (PSD) is due to be implemented by member states, initiation of the Single Euro Payments Area (Sepa) is in trouble, according to research by the Financial Services Club. The PSD is due...
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.