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T2S is not the name of a flashy new car, but an initiative of the European Central Bank (ECB), which aims to focus on a single pan-European post trade Settlement platform. The post T2S environment will generate more competition and reduce the number of market players. Benoît Sauvage (picture) is an advisor on financial market regulation at the Luxembourg Banker’s Association ABBL. In an interview with LFF, he speaks about the benefits of T2S and the impact on the Luxembourg financial centre.
What is T2S?
T2S stands for Target 2 Securities and is an outsourcing project of the European Central Bank. The idea is that the ECB will undertake the operation of Settlement, that is to say the exchange between physical securities and cash. The Central bank will...
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