Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-13-Speech-1-105-000"

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"en.20120213.17.1-105-000"2
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". Madam President, the Committee on the Internal Market and Consumer Protection has also deliberated in detail on the Single Euro Payments Area, or SEPA, because this issue is very much concerned with consumer protection. I can state that I am very happy with the compromise reached, because it also incorporates some of the topics adopted by us in committee. It is a very good thing that we can say to consumers that we are thinking of them, too, in the area of the financial markets, because they do not always get that impression. Borders for payment transactions are borders in Europe. It is time that these were removed, so that they no longer stand in the way of European mobility. I very much welcome the fact that it has been established that, in future, all enterprises and consumers will be able to make euro payment transactions in other European countries from a single account at any bank. This is very important, particularly for small and medium-sized enterprises. Not just for enterprises, though, but also for consumers who are mobile, who go on holiday and who want to make credit transfers. It is also very good that we have ensured that there is a single migration date for credit transfers and direct debits. It would not have been good for consumers to have two different dates, as that would have resulted in greater confusion. Clarity and legal certainty – that is what we need, and that is what we have achieved here. My third and last point concerns the information given to citizens. That is also extremely important. A great many of them are afraid of this new SEPA number, of the new IBAN code, because it seems too long to them. If we tell them quite clearly how it is composed, however, then they will not find it so difficult and complicated at all. In other words, it is very important that we have an information campaign so that people know what this is all about."@en1
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