Last weekend marked the successful completion of the last migration wave scheduled for Target2-Securities (T2S), the Eurosystem’s platform for the settlement in central bank money of securities transactions.
The group of markets that migrated includes the central depositories and banking communities of Spain, Lithuania, Latvia, and Estonia, bringing to 20 the number of European financial markets that operate in T2S.
This marks a definitive step towards greater integration and efficiency in the European financial market.
The migration was coordinated by the Eurosystem team based at the Bank of Italy’s Donato Menichella Centre.
