On the occasion of the start of the second phase of the Brexit negotiations, in particular the negotiations on a transition period and the scoping of the future relationship between the European Union (
) and the United Kingdom (UK), the European Payments Council (
) publishes a position paper on the subject.
The paper, stating the ’s current viewpoint in the face of possible post-Brexit scenarios and their impact on the Single Euro Payments Area ( ) schemes, looks at Brexit from the following angles:
• Current situation: UK participating in the schemes;
• Transition Period: envisaged agenda of UK leaving the European Union;
• Post-Brexit Scenarios: several scenarios regarding Brexit and UK ’ participation in the schemes.
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