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Download The Future of Finance after SEPA epub

by Chris Skinner




SEPA was created by Europe’s banks in 2002 in response toregulations and plans drawn up by the European Commission from ameeting in Lisbon at the turn of the millennium. Consequently, SEPAhas been assisted by new legislation, the PSD, which was agreed in2007. The implementation of SEPA takes place in 2008 within thebanking industry, with full operation in 2010, and will be amassive change to not just banking, but all aspects of finance andfinancial services across Europe and the globe.

This is because the vision for SEPA is that, by 2010, all europayments are treated in the same way as domestic payments. In otherwords, European citizens and corporations enjoy a transparentmarket where there is no difference in charges for payments betweenRome, Madrid, Paris and Munich. As a result, citizens, governmentsand corporations will have full access to finance transparentlyacross 15 countries today and potentially 31 tomorrow. A UnitedStates of Europe, fuelled by fully integrated financing, will bedifferent to the fragmented Europe of the past.

This book reviews the key implications and challenges of SEPAand the PSD across the European landscape, and the likely outcomesof SEPA for 2010 and beyond. The main themes that emerge are thatmany of Europe’s leading providers of paymentsinfrastructures, which are often bankowned, will disappear and newpayments providers and structures will emerge. Some of these willbe evolutions and some will be revolutions. In addition, there willbe major impacts upon those banks that cannot provide euro-servicescompetitively in this new geographically competitive environment.The winners will reap major rewards, but there will be far morelosers who will be merged or acquired.

With contributions from leading authorities, including:

• Anthony Kirby, the Reference Data User Group

• Ashley Dowson, the SEPA Consultancy

• Bo Harald, TietoEnator

• Bodil Nelsson and Mats Wallén,Bankgirocentralen

• Brenda O’Connell, Bank of Ireland

• Chris Pickles, BT

• Chris Skinner, the Financial Services Club andBalatro

• Daniel Szmukler, EBA CLEARING

• Daniele Danese, Banca Popolare di Verona

• David Doyle, EU Policy Advisor on FinancialMarkets

• Doctor John Ryan, CASS Business School

• Erkki Poutiainen, Nordea

• Eva King, the European Commission

• Geoffroy de Schrevel, SWIFT

• Gerard Hartsink, the European PaymentsCouncil

• Gianfranco Tabasso, the European Association ofCorporate Treasurers

• Harry Leinonen, the Bank of Finland

• Heiko Schmiedel, the European Central Bank

• Henrik Parl, Eurogiro

• Hervé Postic, founder, UTSIT

• James Barclay, JPMorgan Chase

• John Bullard, IdenTrust

• John Chaplin, First Data

• Jonathan Williams, Eiger

• Juergen Weiss, Gartner

• Mark Hale, Barclays Bank

• Neil Burton, IBM

• Nick Senechal, VocaLink

• René Pelegero, PayPal

• Richard Spong, Sterling Commerce

• Robert Bradfield, Ernst & Young

• Ruth Wandhöfer, Citi

• Sean Fitzgerald, Sentinel

• Sharon Bowles, Member of the EuropeanParliament

• Tom Buschman, TWIST

 

Download The Future of Finance after SEPA epub
ISBN: 0470987820
ISBN13: 978-0470987827
Category: Other
Subcategory: Business & Finance
Author: Chris Skinner
Language: English
Publisher: Wiley; 1 edition (May 5, 2008)
Pages: 330 pages
ePUB size: 1832 kb
FB2 size: 1410 kb
Rating: 4.5
Votes: 910
Other Formats: lrf mbr mobi txt