We need to set an end date for the final realization of new products and processes and find clarity on the pricing of services. 7  Beijnen and Bolt (2007). BIS Review 127/2008  9  This is easier said than done and requires the efforts from all stakeholders: banks, customers and public authorities.
More initiative is needed and much more work remains to be done to complete the SEPA project. SEPA can play a crucial role for fostering efficiency and stability in the retail banking sector. Conclusion To conclude my remarks, retail banking has proven to be an area of stability within the banking business during the recent months in credit markets.