Banque centrale Européenne - T2S Online - Project Review
11/06/2015EDITO
T2S IS BECOMING A REALITY!
It was early 2006, and the Eurosystem was in the final stages of preparing for the launch of Europe’s new single technical platform for large value payments in central bank money – TARGET2. This was a great step forward for European integration but it also sparked discussion on the need for more integration in the securities market. It was during these discussions that the idea of a single platform for Europe-wide securities settlement was born. On this platform both securities accounts and cash accounts would be integrated ensuring real-time delivery-versus-paymentsettlement across European borders. Naturally, it was not an idea that was immediately welcomed by everyone. But it was an idea which triggered thus far unheard of collaboration between market participants and public institutions. An idea which would have a profound impact on the post-trade landscape and help Europe move one step closer to an integrated financial market. Fast-forward nine years to today and we are at the final stage of turning this idea into reality: despite some media reports suggesting otherwise, we are less than two months away from launching this platform – T2S.
Read more
T2S IS BECOMING A REALITY!
It was early 2006, and the Eurosystem was in the final stages of preparing for the launch of Europe’s new single technical platform for large value payments in central bank money – TARGET2. This was a great step forward for European integration but it also sparked discussion on the need for more integration in the securities market. It was during these discussions that the idea of a single platform for Europe-wide securities settlement was born. On this platform both securities accounts and cash accounts would be integrated ensuring real-time delivery-versus-paymentsettlement across European borders. Naturally, it was not an idea that was immediately welcomed by everyone. But it was an idea which triggered thus far unheard of collaboration between market participants and public institutions. An idea which would have a profound impact on the post-trade landscape and help Europe move one step closer to an integrated financial market. Fast-forward nine years to today and we are at the final stage of turning this idea into reality: despite some media reports suggesting otherwise, we are less than two months away from launching this platform – T2S.
Read more