Central Banking

UK opts out of ECB's T2S


The UK has opted out of the European Central Bank's Target2- Securities (T2s) project, even though it could eventually help lower the cost of trading in the region's capital markets, according to an article in the Financial Times.

The move comes as the debt crisis in the Eurozone has raised questions among some euro sceptic politicians about the integration of the UK's financial system with the region.

The newspaper said the Bank of England (BoE) "recently decided" not to take part in T2S citing

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