The European Central Bank has once again been forced to push back the deadline for implementation of Target2 Securities, the Eurosystem's ambitious but controversial project to harmonise Europe's securities settlement structure.
T2S must be made to work. We have seen how SEPA can be slowed to a virtual stanstill by banks and the same tactic is being used again. Like SEPA maybe legislation may be needed to push it into life
© Finextra Research 2013