We all know that it is inefficient and costly if two schemes continue to run in parallel for a prolonged period of time. Dual processing does not generate the economies of scale that the SEPA is able to deliver and hampers stakeholders in fully reaping its benefits.
Maintaining national instruments implies that fragmentation along national borders is preserved, and that the integration of the European retail market has failed. Thus, working towards the establishment of a migration end date is deemed of the utmost importance to make the SEPA a success.