Central Banking

T2S chief warns regulatory inaction could damage harmonisation process

Jean-Michel Godeffroy

A central element of the European Central Bank's (ECB) Target2-Securities (T2S) programme – the harmonisation of operations – could be delayed if European law-makers do not urgently pass necessary legislation, Jean-Michel Godeffroy, the chairman of the T2S board, said today.

The T2S programme seeks to create a single European platform for the cross-border settlement of securities transactions, with migration due to start in 2015. Harmonisation of operations between the 22 central securities

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