October 28, 2021

Volume XI, Number 301

Advertisement
Advertisement

October 27, 2021

Subscribe to Latest Legal News and Analysis

October 26, 2021

Subscribe to Latest Legal News and Analysis

October 25, 2021

Subscribe to Latest Legal News and Analysis
Advertisement

ECB APPROVES MAJOR PROJECTS IN THE FIELD OF LARGE-VALUE PAYMENTS AND COLLATERAL MANAGEMENT

The European Central Bank (ECB) has announced the approval of the consolidation of the Eurosystem’s real-gross settlement system TARGET2 and the securities settlement system platform TARGET2-Securities (T2S), as well as the development of a European Collateral Management System (ECMS).

The consolidation will provide market participants across the Eurosystem with enhanced liquidity management procedures and is expected to be launched in November 2021.

ECMS will provide a harmonised platform for collateral operations across the Eurosystem and will replace the existing systems of the 19 national central banks for those functions which can be harmonised until the launch, which is planned for November 2022.

Copyright © 2021 Womble Bond Dickinson (US) LLP All Rights Reserved.National Law Review, Volume VII, Number 341
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

About this Author

Angie Bamboulis, Womble Carlyle Law Firm, United Kingdom, Banking and Finance Attorney
Solicitor

Angie is a solicitor in the banking and financial services team; where she assists with providing finance and regulatory advice to a wide range of client.
Prior to qualifying and during her training contract she completed a one day secondment at a private wealth bank, UBP over a 3 month period; as well as full time secondments at the firm's key clients – AIG and Post Office.

440207-788-2306
Advertisement
Advertisement
Advertisement