Source: Finextra video: Marc Bayle, T2S project manager, ECB
Marc Bayle, T2S project manager at the European Central Bank, spoke at Finexpo about the benefits that Target2 Securities hopes to provide European market participants. In this video he outlines: the challenges for CSDs who will need to adapt their business models; the current reaction from banks and CSDs involved in the consultation process; Spain's first movements toward process harmonisation; and the challenges the ECB faces if it is to build the infrastructure to go live in 2013.