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On your marks for SEPA

The European Commission has today published proposals for the setting of end dates for the migration from legacy instruments to SEPA credit transfers and direct debits. It’s taken a while but there has now been a ceremonial bowing to the inevitable.

Full clarity on the subject has still not been achieved but this is indeed a significant step on the road to a full SEPA. And for that, it should be a cause of some celebration.

At least the whole industry knows that serious planning can now no longer be delayed. We don’t yet have the final ‘go’ but we now know we’re under starter’s orders