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.
“Modern Governance in Banking” 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
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