The EACT comments in response to 'Consultation Document: Possible initiatives to enhance the resilience of OTC derivatives market' (issued by the European Commision on 3rd July 2009) are now available to download in full.

On Monday 2nd November 2009, the SEPA direct debit schemem, the second strand of the Single European Payments Area (SEPA), will become into being. The new products will enable direct debits to be set up at cross boarder level. .... Rea the EACT guarded welcome to EU-wide direct debits.