THE FUTURE OF ACHS AFTER SEPA
THE FUTURE OF ACHS AFTER SEPA

Summary/Abstract: Although given less focus over the past year owing to the effects of the world economic crisis, the standardization of clearing and settlement remains one of the most important financial policies of the EU. After these developments, the ACH’s activities and services will dramatically change in the Euro Zone. Given the regulatory and self-regulatory environments (e.g. SEPA), and banks’ powers and traditions, it is one of the most interesting community achievements of the European Union. This paper provides details on the past development of clearing and settlement, the present situation, the activities of clearing houses, the integration processes and the possible future of Automated Clearing Houses.

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