The impact of the Single Euro Payments Area on European corporates

Avadanei, Andreea (2009): The impact of the Single Euro Payments Area on European corporates. Published in: Europe on the Move , Vol. ISBN 9, (9 May 2009): pp. 20-27.

Abstract

The creation of Single Euro Payments Area is the most important change affecting the financial services market in Europe, after the launch of the single currency. The project extends upon all payment industry players. The purpose of this paper is to highlight the implications of SEPA initiative on European corporate bodies, in terms of challenges, opportunities and benefits, and how the associated advantages can be obtained as a result of a solid collaboration with the partner banks and the effective implementation of the SEPA standards and products. Customers, both consumers and corporations will greatly benefit of the whole range of new opportunities offered, as the project promotes the efficiency, competition and innovation.

• Item Type: MPRA Paper
• Language: English
• Keywords: Single Euro Payments Area; corporate bodies; financial crisis; standardization
• Subjects: E - Macroeconomics and Monetary Economics > E0 - General > E02 - Institutions and the Macroeconomy; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E42 - Monetary Systems ; Standards ; Regimes ; Government and the Monetary System ; Payment Systems; D - Microeconomics > D2 - Production and Organizations > D20 - General; G - Financial Economics > G0 - General > G01 - Financial Crises

References

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3. Gtnews, 2008, Survey Reveals Corporates View SEPA as an Opportunity but Further Clarity is Vital, from http://www.gtnews.com/feature/328.cfm

4. Lund, Berit (2009), The Status of SEPA in 2009, from http://www.ebaportal.eu/Content.aspx?PageGuid=4aa4bb85-c195-4bb1-bfc3-492047a25060

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