T2-T2S consolidation project delayed until November 2022 after industry pressure
ECB decided to push back project to replace TARGET2 with a new real-time gross settlement, while also delaying the new Eurosystem Collateral Management system.
Tag: TARGET2
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.
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 eyes T2S and TARGET2 merger
Following the T2S initiative, the ECB is investigating a merger between the TARGET2 and T2S infrastructures.