A progress report by the European Central bank on the controversial Target2Securities integrated settlement project descended into a three-way spat between agent banks, securities depositories and the central bank over costs, timetabling and information transparency at a hot and heavy Sibos session in Hong Kong.
This looks like a replay of SEPA with the important people being users being left on the side. The result will be like SEPA a system with no volume! Steve Lomas is dead right and the ECB should deal with widening the scope of users involvement with imediate
effect. I fear that any cut backs on testing will be a disaster as anyone who has built systems knows. The in-house development is really bad idea with a great chance of moving goal posts and rising costs of the project. The chances are that the end result
will be nothing short of an embarrasment. For someone who has been arround a long time like me this looks very TAURUS like
Excellent salary with uncapped commissionMilton Keynes
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