Who Is Responsible For What In Sepa?

1.	Who Is Responsible For What In Sepa?
Answer» The payments industry is responsible for the CREATION of solutions to remove technical and commercial barriers in the euro RETAIL payments market. The Euro system and the European Commission steer, monitor and foster SEPA’s progress, both at the national and the European levels. The legal foundations have been laid down by new European legislation SINCE 2001 in line with the high-level objectives of ECONOMIC and Monetary UNION. The payments industry is responsible for the creation of solutions to remove technical and commercial barriers in the euro retail payments market. The Euro system and the European Commission steer, monitor and foster SEPA’s progress, both at the national and the European levels. The legal foundations have been laid down by new European legislation since 2001 in line with the high-level objectives of Economic and Monetary Union.

Answer»

The payments industry is responsible for the CREATION of solutions to remove technical and commercial barriers in the euro RETAIL payments market. The Euro system and the European Commission steer, monitor and foster SEPA’s progress, both at the national and the European levels. The legal foundations have been laid down by new European legislation SINCE 2001 in line with the high-level objectives of ECONOMIC and Monetary UNION.

The payments industry is responsible for the creation of solutions to remove technical and commercial barriers in the euro retail payments market. The Euro system and the European Commission steer, monitor and foster SEPA’s progress, both at the national and the European levels. The legal foundations have been laid down by new European legislation since 2001 in line with the high-level objectives of Economic and Monetary Union.

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