Friday, 16 October 2015

ECB posits combination of Target2 and T2S on single platform

From Finextra -

“The European Central Bank is contemplating a merger of the Target2 real-time gross payment system with the T2S securities settlement mechanism, providing a single platform for the processing of cash and securities across the Eurosystem.

The thinking behind the plans was revealed by ECB board member Yves Mersch at the Sibos conference in Singapore. Introducing a session on future of Europe’s financial market infrastructure, he drew an anology of the merger of the internet, mobile phone and digital camera to create the smartphone as a rationale for a process of continuous innovation in Europe's financial markets.”

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