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Tag archive: ECB

SEPA in the international media: a round up

In April 2013, 41,79 per cent of the total volume of credit transfers (CT) were SEPA credit transfers (SCT). The European Central Bank recently published the national SDD and SCT migration indicators. These numbers show that there’s a big difference between the various euro countries when it comes to migration to SEPA. To monitor the […]

SEPA traffic lights are not green yet

‘Unacceptable’. There, the word is out. The European Central Bank (ECB) has started using fiercer language to pinpoint the worrisome adoption rate of SEPA Direct Debit (SDD). According to Banking Technology the ECB is especially concerned that the lack of preparation will damage the reputation of the SEPA scheme: ‘Given the popularity of legacy direct […]

ECB: Financial turmoil is temporary, SEPA is here to stay

This is the second part of two articles in which Wiebe Ruttenberg, Head of Market Integration Division at the European Central Bank (ECB), is interviewed regarding the role of the ECB in the transition to SEPA. Ruttenberg believes that the current economic climate has had its effect on the preparation pace. “Especially from a bank’s […]

ECB: Many advantages of SEPA already exist

“It is a general misconception that the migration to SEPA will be completed on February 1, 2014,” says Wiebe Ruttenberg, Head of Market Integration Division at the European Central Bank (ECB). “On that date we will have ‘only’ completed the migration to SEPA Credit Transfer and SEPA Direct Debit within the Euro area. This means […]