In order to reach a wider audience it is our intention to publish, in the coming year, a detailed report on our work in the area of payments systems oversight. Our oversight role - covering, as it does, payment systems and payment instruments - leads naturally to an interest in the issues being covered here today, SEPA and the National Payments Implementation Programme.
2  BIS Review 122/2006  SEPA Moving on to the Single Euro Payments Area (or SEPA) initiative, its aim is to advance European integration by putting in place a competitive and innovative euro-area retail payments market that should bring with it higher service levels, more efficient products and cheaper alternatives for making payments.