SEPA for cards Let me now turn to SEPA for cards, the main focus of my speech today. When being on business travel, I usually conduct my own little “taxi test”, trying to pay with a credit card for the taxi fare. The results – though the sample may statistically not be large enough – are disappointing.
Let me limit myself here to financial stability and supervision – given their importance in recent European discussions. According to the Treaty, the European System of Central Banks as a whole shall contribute to the smooth conduct of policies pursued by competent authorities in the field of prudential supervision and financial stability.