THE SINGLE EUROPEAN PAYMENTS AREA (SEPA): THE CURRENT PAN-EUROPEAN CHALLENGE

McFORAN Desmond
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McFORAN Desmond: South-west university "Neofit Rilski"

Economics and Management, 2005, vol. 1, issue 2, 2-5

Abstract: This paper concentrates on the current development of the Single European Payments Area (SEPA), which is envisaged to be in operation by the time Bulgaria accedes to the European Union (EU). For banks and financial institutions in general, this is seen as a tremendous challenge, not only for existing EU members, but also for acceding countries such as Bulgaria and Romania. It will change the entire face of financial markets in Europe, both within and without the Euro-zone.

Keywords: SEPA; payments operations; PE-ACHS; clearing systems (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:neo:journl:v:1:y:2005:i:2:p:2-5

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