Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-247-250"
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"en.20120214.15.2-247-250"2
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The European Commission has drawn up a proposal for a regulation whose chief purpose is to define the technical requirements for small credit transfers and direct debits in euros, which is to be carried on through the Single Euro Payments Area (SEPA). I agree with this report since it is my view that the new requirements will contribute to improving the functioning of the internal market in payment services, facilitate payment systems throughout the European Union and define equal obligations, rights and opportunities for everyone working in the market. In order to effect a successful and rapid change-over of procedures, I think it essential to involve the banking sector in the two-year process of transition by requiring the banks to run intensive public information campaigns. It should also be stressed that, according to the European Commission, the creation of SEPA could lead to savings in the order of EUR 123 billion over the next six years."@en1
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