SEPA Council Formal Declaration on SEPA End Dates

The objective of the Council recently established by the European Commission and the European Central Bank is to promote the realisation of an integrated euro retail payments market by fostering consensus between all major stakeholders on the next steps towards the full realisation of . At its inaugural meeting in June 2010, the Council - bringing together representatives of both the demand and supply sides including the - endorsed a formal declaration stressing "their strong support for the establishment of end-date(s) for migration to Credit Transfers and Direct Debits by means of legislation at level".

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