I think I am right in assuming that everyone here today has been very involved in the introduction of SEPA, and so there is no need for me to explain to you what a complex project it is.
And, as always happens with complex projects, that there have been all sorts of problems along the way, and fortunately also some things that have gone well. And that we should really count our blessings. Internet banking systems are switching relatively easily to SEPA. Many businesses have already completed the process, and consumers seem to be accepting IBAN without any major difficulties.