The CLM should be future proof. Since systems all over the world are steadily moving towards 24/7 operation, with TIPS a leader in this respect, CLM design should anticipate potential future need for 24/7 operation. A future move to managing liquidity on a global basis should be taken into account in the design as well.
It is considered essential that the GUI provides at least the same functionality and efficiency as the existing ICM for TARGET 2 transactions.
It is also important that users have the ability to query available liquidity at both individual account and aggregate levels on all accounts for which they are responsible.
Migration to ISO 20022 is likely to be highly complex and require full end to end analysis since it will need to be coordinated and synchronised across the whole end to end chain involving not only the central system and participants but also in some cases participants’ customers. It is estimated that at least 3 to 4 years will be needed following finalisation of the UDFS and possibly longer dependent on further analysis. It will also be important to recognise that correspondent banking interfacing with RTGS may still be using FIN.
It is essential that sufficient information is provided to participants to enable them to be sure their back-office systems are providing up to date and accurate information. In order to achieve this, full information on message flows and structure is required as soon as it is available.
Finally, it is recommended that the choice of Network Service Providers is subject to a consultation with the whole user base.
Common investment scams may include lucrative investment opportunities such as shares, bonds, rare metals, overseas land investments or alternative energy. ⚠️ Be careful! Don’t get scammed ➡️ https://t.co/6tGDg2L9ZA #Cyberscams #CyberAware @EC3Europol
#G7Finance will be held on 17-18 July. Why should #G7 Finance address gender inequality? How does it fulfill the requirement to mainstream gender equality as a cross-cutting axis of the @G7 Presidency?
📺 Interviews of @KGeorgieva @WorldBank and Odile Renaud-Basso @DGTresor ⤵️
“International Directors Banking Programme” is a new modular programme of three three-day modules at the INSEAD business school in Fontainebleau, France. The content is driven by the needs for bank directors and senior executives working in banks to review and update their corporate governance practices due to the many pressures they face, and will focus on the effectiveness of directors and boards. Successful completion by participants offers certification by INSEAD. Read more
Stay in touch with the EBF
The EBF produces a daily and a weekly newsletter with European banking news and updates from national banking associations across Europe. CLICK HERE TO SUBSCRIBE
European Banking Federation
The EBF is the voice of the European banking sector, bringing together national banking associations from 45 countries. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
56 Avenue des Arts
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.