This would ensure the necessary level playing-field in the national context for the SEPA direct debit scheme and the national legacy direct debit schemes that I mentioned before. Given that most direct debits will initially still be conducted at the national level, the vast majority of direct debits would thus be treated in the same manner.
But further efforts have to be taken to complete the process embarked upon in the light of the G 20 commitments. The dialogue between regulators and market participants therefore must be continued and intensified. Thank you for your attention. 2  BIS central bankers’ speeches