Central Banking

ECB's Tumpel-Gugerell still sees SEPA from Jan 08

European Central Bank board member Gertrude Tumpel-Gugerell said Tuesday 20 February the plan for a single euro payments area (SEPA) is still on track to begin operations from 1 Jan next year, despite disputes over organising cross-border operations.

"It's a question of finding a solution for making these two different cross-border payment systems compatible," Tumpel-Gugerell said. "Despite this, the timetable should be kept."

On Target 2 Securities, the project for unifying the clearing and

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