Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre.
Please read our Privacy Policy.

Accept
Channels
Resources
See latest resources »
How banks are preparing (or not) for T2/T2S consolidation

How banks are preparing (or not) for T2/T2S consolidation

Source:

In 2020 another seismic upheaval looms on the horizon for the European financial community.

 This time the main players are the European central and national banks. Vision 2020, as the Eurosystem’s T2/T2S Consolidation project is known, sees the technical consolidation of TARGET2 and TARGET2-Securities and the harmonisation and integration of European cash and securities settlement services.

The Consolidation project is a logical step in the evolution towards an evermore integrated financial market infrastructure in Europe and has as its main objectives increased efficiencies, optimised technologies, tightened security and improved usability. The project also foresees the development of new services that will allow it to keep pace with the changing needs of the payments community. In short: a new consolidated payments infrastructure that fits today’s needs.

Download the document now 1.3 mb (Chrome HTML Document)

Comments: (0)

Join the discussion

Write a blog post about this story (membership required)

Analysis resources
See all Analysis resources »
What’s Next for Nordic Payments?
/analysis

What’s Next for Nordic Payments?

The Rise of Real-Time and cross-Border, by Peter Larsson, Principal Solutions Consultant, Real-Time Payments - Europe & North America

T2/T2S Consolidation: Can digital transformation be an opportunity for liquidity management?
/analysis

T2/T2S Consolidation: Can digital transformation be an opportunity for liquidity management?

The Eurosystem project to consolidate TARGET2 and T2S and to meet changing market needs by enabling a truly real-time 24x7 settlement infrastructure for cash, securities and collateral aims at increasing efficiencies and optimising liquidity management across all TARGET Services.

SCA exemption: the perfect storm for machine learning
/analysis

SCA exemption: the perfect storm for machine learning

The payments community is well used to the abundance of acronyms that has become its legislation of late, but less so to the grey overlaps between various directives and standards - least of all Strong Customer Authentication (SCA) within the online and e-commerce payment experience.