More NewsSEPA Will Survive Even if the Euro Doesn’t, Believes Banking Industry

SEPA Will Survive Even if the Euro Doesn't, Believes Banking Industry

A new survey of the banking industry unsurprisingly shows with the sovereign debt issues still raging across Europe, nearly 70% of respondents believe that the euro will not survive in its current form, however overall sentiment with regards to the euro and the single euro payments area (SEPA) was still more positive. Interestingly the views around the impact of the Payment Services Directive (PSD) are less clear, with the majority not seeing much impact yet.

The fourth State of the European Payments Marketplace Survey, conducted by the Financial Services Club and sponsored by European Banking Association (EBA) and Logica, with over 350 participants from 53 countries, shows an increasing expectation of success for SEPA. The survey also highlights the growth in real-time payments across the board.

“In 2011, Europe’s markets were even more challenged by the Eurozone’s issues but, surprisingly, the progress of the PSD and SEPA were seen as positive,” said Chris Skinner chief executive officer (CEO) at the FS Club (FSC). “This year we have also continued our analysis of the relationship between banks and their corporate clients, which highlights some interesting differences.”

The survey also reviews issues around liquidity risks, where 86% of bankers were in agreement that pressures on balance sheets for banks and corporates as well as new regulations, are driving increased activity around liquidity with a new technology helping the drive to real- time liquidity management.

Related Articles

Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

2m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

3m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

3m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

3m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

4m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

4m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

4m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

4m Mateo Graziosi