The European Central Bank (ECB) has warned that many companies are leaving Sepa migration too late, leaving themselves open to serious problems when the February 2014 deadline arrives.
LuxCSD, the central securities depository (CSD) of Luxembourg, has received approval by the European Central Bank (ECB) for its Securities Settlement System (SSS) being eligible for use in Eurosystem credit operations.
European banks and broker-dealers are lagging in their understanding of the impact of the European Central Bank's plans for harmonising settlement under the Target2Securities platform, with migration costs for back offices estimated at anywhere between seven million euros and EUR27 million.
The European Central Bank has signed a three year deal to roll out Thomson Reuters' Eikon desktops across the ECB and 18 participating national central banks.
US lawmakers are putting together a bill designed to make it harder for Iranian firms to use the European Central Bank's Target2 cross-border payments system, according to press reports.
The European Central Bank has outlined plans to improve the security of Internet payments, requiring firms to beef up their customer authentication processes.
Mario Draghi, President of the European Central Bank (ECB), today unveiled the Europa series €5 banknote.
European depository Clearstream plans to pass on to its customers an estimated EUR30 million in development costs for migrating to the European Central bank's Target2-Securities (T2S) system.
The European Central Bank may be forced into a rethink of the charging structure for the Target2Securities settlement platform as weak trading in Eurozone markets hits previously optimistic volume assumptions.
The European Central Bank (ECB) and the national central banks (NCBs) of the Eurosystem are to introduce a second series of euro banknotes. Called the "Europa" series, it will include a portrait of Europa - a figure from Greek mythology and the origin of the name of our continent - in the watermark and the hologram.
© Finextra Research 2013