Michel BarnierRSS

Pass Go, Do Not Go to Jail: EC backs down on SEPA deadline

Barnier: migration rates are not high enough to ensure a smooth transition

The EC proposes that banks and payment services providers will not be penalised for continuing to process legacy payments during a six-month “transition period” after the February deadline for SEPA migration.

“Problematic” US shutdown causes SEF blues at the EU


The European Commission has expressed concerns that the US government shutdown is preventing a deal between the EU and US regulator, just as new swaps rules come into force for firms based both inside and outside the US.