T2S sees volumes spike in 2019 as ECB provides update on platform
ECB releases annual statement with transactions value and volumes data and updates on other initiatives.
Tag: ECB
European banks ask for one-year delay on ECBs T2-T2S consolidation plan
The associations said the industry would not be able to make the changes to adapt to the planned consolidation of T2 and T2S by November 2021.
Further sub-custody consolidation unlikely within next five years – industry experts
Industry experts argued further consolidation in the custody industry could be likely, but doubted it will happen within the next 12 months to five years.
ECB adds SIA and Colt to Eurosystem market infrastructures network
Earlier this month, the ECB granted SWIFT the first network licence enabling it to provide connectivity services to the ESMIG.
ECB names new market infrastructure director to oversee TARGET Services
Ulrich Bindseil replaces Marc Bayle de Jesse who left in May to take up the role of CEO at CLS.
SWIFT becomes gateway to Eurosystem’s TARGET services
In migration to the ESMIG the European Central Bank is planning to consolidate all of their TARGET projects.
ECB’s former T2S supervisor named chief executive of CLS
FX settlement system names new CEO following exit of David Puth in September 2018.
Market infrastructures at odds with slow progress to overcome post-trade barriers
Panelists at AFME's Post-Trade conference in London argued T2S has failed to lower costs, enhance efficiencies, and overcome post-trade barriers.
Custodian brings up cost and volumes shortfalls in ECB’s T2S report
Several complications related to corporate actions, differences in tax regimes and securities law between EU member states, have built barriers to entry for T2S.
ECB wants the market to solve post-trade barriers
AFME recently published a new report arguing post-trade reforms need to go further to remove harmonisation barriers.