BuildingPaymentSystemsfortheEuropeanSingleMarketin.pptVIP

Building Payment Systemsfor the European Single Marketin the 21st Century Gertrude Tumpel-Gugerell Member of the Executive Board European Central Bank Brussels, 13 April 2011 A Single Euro Payments Area (SEPA) An integrated payments market is the logical consequence of the single currency and a single market The establishment of one Single Euro Payments Area will contribute to more efficient and competitive payments to the benefits of all EU citizens The European Parliament’s strong support for SEPA, as expressed in its resolutions from March 2009 and March 2010, is highly welcome an