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Speech: A new voice on a familiar topic – SEPA from the perspective of ECB Executive Board Member Peter Praet

( September 1, 2011, 09:28 GMT | Official Statement) -- MLex Summary: The banking industry must deliver online-payment solutions or risk being pushed out of the business by other providers, European Central Bank executive board member Peter Praet said in its his first speech to the bank-led European Payments Council since joining the ECB. As payments are a network industry, he said, services should compete within a common set of standards, rather than have competition among different sets of standards. Full speech follows below....

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