Does Sepa matter?

A well-attended meeting of the Financial Services Club in London during late January posed the question: Does Sepa matter? The conclusion of the audience was that it does, but only just

Held under the Chatham House rule (where the speakers are not identified and are arguably more at ease to say what they think) the Financial Services Club’s first discussion on the single euro payments area (Sepa) for the new decade unveiled some deep scepticism but also some stout defence of the initiative.