1  more evident given the need to prevent the re-emergence of damaging inflationary episodes of the past, which had resulted from the use of central bank money to finance fiscal deficits. Indeed, the independence granted to the Central Bank is one of the most transcendental institutional reforms in Mexico’s modern history.
Last December the EPC published an updated version of the SEPA Cards Standardisation Volume. This “Book of Requirements”, as it is now called, builds on the SEPA Cards Framework. The objective of the document is to lay the foundations for the harmonisation of standards in SEPA.