SEPA Council

The body responsible for all issues relating to the Single European Payment Area at European level. It is co-chaired by the ECB and the European Commission and includes representatives of the stakeholders in the payments market. In this way, the SEPA Council ensures the appropriate involvement of all stakeholders; it discusses and decides on measures to perfect the Single European Payment Area. – In May 2011, the German Federal Ministry of Finance and the Deutsche Bundesbank established a German SEPA Council specifically for this purpose, modeled on the European SEPA Council. The participants include top representatives from the supply side (banking sector) and the demand side (trade, insurance companies, consumers; associations representing trade and commerce, insurance companies as well as consumers’ associations) of the German payments market. The German SEPA Council meets four times a year and works with the European SEPA Council. With the establishment of the Euro Retail Payment Board in December 2013, the tasks of the SEPA Council were transferred to the newly created body. – See European Payments Council, financial market integration, European. – Cf. ECB Annual Report 2012, p. 137 and the respective ECB Annual Report, “Financial Market Integration” Capital, Financial Stability Report 2013, p. 66 (hardly any systemic risk as a result of SEPA migration), BaFin Annual Report 2013, p. 87 f. (individual issues relating to SEPA).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/