Eurofi Financial Forum 2010

27 - 30 September 2010, Belgium, Brussels

Eurofi is a European think tank dedicated to financial services, with the aim of helping to build a fluid, efficient and secure EU Single Capital Market. Eurofi addresses prospective regulatory or industry driven subjects, as well as contentious issues which are currently debated at EU level or are of particular interest to EU industry players. Eurofi acts as a catalyst for the market and as a neutral go-between between industry players and EU Institutions. This not for profit organization brings together financial institutions of different sizes and statutes.

This international event will bring together the main public decision-makers from the Commission, Parliament, Council, European Central Bank and regulators, as well as many leaders from the banking, insurance and market industries to discuss the priorities for financial supervision and regulation required to further strengthen financial stability and economic growth. Users of the European financial market (issuers, businesses, consumers) will also be invited to have their say on the actions to be taken in this area.

Michael Steinbach will take part in a panel discussion on SEPA End Dates.

Michael Steinbach

Chairman of the Board of Directors, Equens SE

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Michael Steinbach (1961) is Chairman of Equens’ Board of Directors as of 1 May, 2007. Before his appointment as Chairman he held the position as Deputy Chairman. He has been spokesman of the Board of Directors of Transaktionsinstitut für Zahlungsverkehrsdienstleistungen AG (TAI) since July 2003. Prior to his appointment at TAI in 2003 he was a director of DZ BANK AG (Deutsche Zentral-Genossenschaftsbank), where he headed the payments department. During his career Michael Steinbach has gained extensive experience in payments. In 1985 he became head of the electronic payments department at the then "Genossenschaftliche Zentralbank" or GZB-Bank (cooperative central bank) in Stuttgart. Since then he has headed increasingly large and complex payment divisions formed by mergers in the German banking world. Steinbach is a member of many significant national and international payment committees.

Michael Steinbach

SEPA End Dates

28 September 2010
15:25 - 16:35 hrs

  • Phasing out national credit transfer and direct debit schemes: are hard end dates the answer?
  • Is there a real appetite for this? Who is lagging behind and why?
  • Are hard end dates the solution to achieve full SCT and SDD rollout?
  • What is the recommendation from the Commission? What do end users think (i.e. consumers / corporates)?
  • What practical issues have to be solved when setting up such end dates regarding the different EU payment means (direct debit, credit transfer, EMV roll out in the global context)?
  • What are the possible unintended effects to avoid?