An Executive Interview with Markus Straußfeld, Head of International Cash Management Sales, UniCredit Bank AG
While it may appear that SEPA dominates the treasury media as we lead up to the final migration deadline to SEPA, treasurers and finance managers have different levels of awareness about its implications and the opportunities that SEPA is creating. In this Executive Interview, Markus Straußfeld reviews progress to date, and how SEPA is proving a catalyst for new solutions both within and beyond the Eurozone.
With only a few months now remaining until the SEPA deadline, how far have corporate treasurers and finance managers progressed towards migration?
Companies are at different stages in their SEPA migration projects, and inevitably, some are better prepared than others. Some still underestimate the scale of the project and have not yet prioritised SEPA migration, and this is clearly a cause for concern. Mid-cap companies in particular may be less familiar with the nature and scope of SEPA than their larger peers: in some cases, for example, we have found that finance managers were not aware that SEPA applied to domestic as well as cross-border transactions.