Embracing the Changing European Payments Landscape

As the January 2008 Single European Payments Area (SEPA) deadline looms, some banks are beginning to look forward to the prospect of a more efficient payments infrastructure and the opportunities it will bring within the Eurozone.

The European Commission estimates that GDP could grow by 2% as a result of cost savings generated through a more efficient payments infrastructure, so it is no surprise that payments are at the top of its agenda. For banks, however, the rewards are less apparent, as not

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Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T

Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.

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