ECB launches consultation on TARGET2-Securities and CCBM2

Source: ECB

Following its announcement on 8 March, the Governing Council of the European Central Bank has today decided to launch a public consultation on the general principles and the set of highlevel proposals defining the nature and scope of TARGET2-Securities (T2S).

The comments and views received from market participants will be assessed and incorporated in the T2S user requirements to be prepared by the Eurosystem by the end of this year.

Furthermore, comments are also invited on the principles for the development of a common platform for Eurosystem collateral management, which will be called Collateral Central Bank Management (CCBM2). These comments will constitute the basis on which the Eurosystem will finalise the user requirements for the new platform.

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