Financial market infrastructures in Europe: the current systems and the future evolution22, 23 e 24 May 2024

This seminar aims to enhance participants' understanding of EU payment systems and market infrastructures from the policy, oversight, operational and technical viewpoints. It also offers insights into Banca d’Italia's experiences across these aspects, and discusses future challenges.

The following topics will be covered:

• Role of the ESCB in payment and securities settlement systems;

• Target Services (from a business and IT perspective):

• T2 (large-value payments)

• T2S (securities);

• TIPS (instant payments)

• Business relationships with the national banking community;

• The Eurosystem Collateral Management System (ECMS);

• The SEPA (Single Euro Payments Area) landscape: interoperability and reachability in European retail payments;

• Recent developments in the regulatory framework, at EU and international level;

• Future challenges:

• the digital euro

• the wholesale central bank digital currency

• initiatives to enhance cross-border payments

• Services offered by Banca d'Italia to non-EU central banks and international institutions;

• The Eurosystem's oversight set–up and the role of Banca d'Italia in the oversight of systemically important payment systems and retail systems and services.