TWG response to the Eurosystem’s consultative report: Eurosystem’s vision for the future of Europe’s financial market infrastructure RTGS services and consultative report
Publication date: 06 April 2016
The Target Working Group (TWG)1 welcomes the opportunity to contribute to the Eurosystem’s vision on the future of RTGS services.
The TWG, acknowledging the need to ensure that the TARGET 2 infrastructure is suitable to support a leading RTGS system, sees the benefits of exploring the synergies between T2 and T2S in order to exploit the best of technological advances and provide better services. Subject to the important caveat that any combined technical infrastructure must accommodate the discrete needs and requirements of both RTGS and securities settlement systems which are not always identical, the TWG also shares the view that the possible rationalization and harmonization of the platforms undertaken by the Eurosystem with the goal of achieving a consolidated technical infrastructure for RTGS and securities settlement would be beneficial to all stakeholders.
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.
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