Knowledge Bank
Other SEPA Information
Banks Preparing for SEPA 07.12.07
EBA paper on issues to be addressed to achieve SEPA compliance.
The introduction of the Single Euro Payments Area (SEPA) affects all banks operating in Europe: It will change the payment products the banks offer in their front office and the payment processes they run in their back office - when they communicate with other banks as well as with Clearing and Settlement Mechanisms.
In order to operate in this new European payments environment, banks need to achieve SEPA Compliance. This means that they must comply with the requirements defined by new European legislation and the new self-regulatory documents of the European Payments Council, the European banking industry's decision -making and coordination body on payments.
