Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-11-Speech-3-485"
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"en.20090311.42.3-485"2
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"− Mr President, I would like to thank the Committee on Economic and Monetary Affairs and its Chair, Mrs Berès, for this debate. The Commission welcomes Parliament’s support for SEPA, which is not only a self-regulatory initiative, but also a major public policy initiative reinforcing economic and monetary union as well as the Lisbon agenda. Parliament and the Commission clearly share the same vision and the same goal for SEPA.
Let me, however, recall three important points. Firstly, as mentioned earlier, the Commission has been very active in helping to drive forward the SEPA migration process, in particular, by putting pressure on public authorities to be early adopters. We will relentlessly continue our efforts as a SEPA catalyst.
Secondly, although we share Parliament’s interest for an end date for SEPA, we do not believe that the time is right to carve an end date in stone. We have put a process in motion and are convinced that a lot of ground work is needed before such a commitment can be envisaged.
Thirdly, I can confirm that the Commission will provide guidance on the compatibility of multilateral, interbank remuneration with competition rules. We know there is little time left before the entry into force of the SEPA direct debit, and that our guidance should therefore be available before November 2009. However, let me insist on one point: that guidance can only be provided subject to the industry supplying us first with concrete ideas for possible business models."@en1
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