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

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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.

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