I expect that this is only a first step of the banks  BIS Review 107/2008  3  in enforcing their communication vis-à-vis their users and that the work of the banks industry on this crucial project gets more visibility in the months to come. The ECB continues to stand ready to support the banks.
We are working closely with the National Central Banks and the European Commission on this issue. The ECB prepares a set of Terms of Reference for the SEPA compliance of card schemes with the aim to better clarify which are the SEPA requirements.