The SEPA Initiative


SEPA - Mission Accomplished?

Graham Buck 26 August


Rather like many modern infrastructure projects, the single euro payments area (SEPA) is an initiative than involved major costs and schedule overruns before eventual completion. Having set 1 February this year as the deadline for European companies to complete migration and phase out old payments systems, at the eleventh hour the European Commission conceded a six-month transition period so that the many stragglers could complete their preparations. However, on August 1, SEPA finally became a reality and this week's gtnews focus asks whether its mission has been accomplished after more than a decade of preparatory work. The European Payment Council's chair, Javier Santamaria, urges companies to go beyond SEPA compliance and reap the benefits, while Edith Rigler focuses on the project's progress in Germany, Europe's largest economy. In other articles, Fundtech's Joanna Wright suggests that many of SEPA's efficiencies have still to be unlocked and Capgemini's Marco de Jon and Ernst Kokke consider what will happen when non-euro countries join the project in 2016.

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Piecing Together the UK Property Puzzle

Richard Hunter, Hargreaves Lansdown | 27 August

Much has been written about the possibility of a property bubble in the UK, but the market is a difficult one to measure. Given the dramatic differences in Central London market, the rest of London, the South East, other pockets where prices are rising such as Manchester and Bristol, attempting to take an average can be both a dangerous and misleading indicator.

SEPA 2014 and Beyond: Generate the Efficiencies and Stay Engaged in the Debate

Javier Santamaría, European Payments Council (EPC) | 25 August

In this article, the European Payment Council’s (EPC) chair emphasises that the single euro payments Area (SEPA) remains a work in progress: European Union (EU) law defines the next SEPA deadlines as applicable in 2016. Corporates are encouraged to not stop at SEPA compliance, but to focus on generating the efficiencies. Last but not least, EU regulatory action intended to bring about ‘SEPA 2.0’ is now in the pipeline.

Life after SEPA

Arn Knol, Zanders, Treasury & Finance Solutions | 25 August

While the first month of 2014 was a very exciting time for all those involved in the single euro payments area (SEPA), delaying the deadline by six months mean that July came and went without much excitement. That attention has moved elsewhere in the interim is also reflected on this very website; since February 1 only 25 articles published on gtnews have referred to SEPA whereas the period before this date saw an impressive total of 519 articles mention SEPA in one way or another.