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14 September 2005

BdB: Milestones on the road to a European single market for financial services





On the occasion of a breakfast meeting in Brussels Mr. Massenberg, Deputy General Manager of the Association of German Banks (BdB) stated that the key project of creating a single payments area is on schedule. However, as the retail banking markets are key to the completion of a single market for financial services and with SEPA is close to implementation, we still have it all to do in the retail area, he said.

“The concept of targeted harmonisation should be adopted to eliminate existing obstacles to business across borders and create uniform, pan-European solutions”, Mr Massenberg said. “A priority for the short to medium term must be action to ensure that customers can access foreign products by electronic means.

Full speech


© BDB - Bundesverband Deutscher Banken


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