Eurosystem to consider Target2 and T2S merger
Mersch: officials will look into potential for consolidating some components
Eurozone central banks could unite key infrastructure underpinning the settlement of payments and securities transactions in Europe, the European Central Bank's (ECB) Yves Mersch revealed today (October 14).
The Eurosystem currently owns and operates both Target2, a real-time gross settlement system for euro-denominated payments, and Target2-Securities (T2S), a single platform for securities settlement. Both settle in central bank money.
"Over the coming years, we will seek to draw on the
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