Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-243-500"
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"en.20120214.15.2-243-500"2
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"Thanks to SEPA (Single Euro Payments Area), citizens, businesses and public authorities can make and receive payments in euros under the same conditions, regardless of their geographical location. Yet migration to SEPA through self-regulatory efforts has not been conclusive: important measures have not yet been fully deployed and national systems are still being used alongside the new system. I supported this report which echoes the agreement between our three institutions on the final migration to SEPA via a regulatory process with a deadline: 1 February 2014. By this date, we will be able to enjoy all the benefits of an integrated payments market: cross-border payments will be as simple as domestic payments and they will be faster, safer and cheaper. Credit transfers will reach their beneficiary on or before the end of the next working day, and the amounts transferred will no longer be subject to charges. Companies will apply a single set of standards and will be able to organise all their cross-border payments in euros from a single account of their choice, thus improving their financial management and speeding up cash flow at a lower cost. Roll on 1 February 2014!"@en1
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