The banking industry’s self-imposed deadline of December  BIS central bankers’ speeches  1  2010 for SEPA instruments to be in general use has not been met. It would be simplistic to only blame the banking industry for this. As we all know, it takes two to tango, and migration can only succeed if the supply and demand sides share the same aims.
On these occasions, I usually offer a new Law to illuminate the issue of concern. We’ve had Maradona’s law of interest rates; Einstein’s law of success; Newton’s laws on physical response; and now I offer you Poul Andersen’s law. This is the obverse of the law of Occam’s razor for simplicity of explanatory hypotheses.