On 6 December 2017, the ECB’s Governing Council approved the consolidation project.
The new system is expected to go live in November 2021, adopting a big-bang approach that will change the way banks and ancillary systems access services for transactions in central bank money.
We are now in the project set-up phase , in which participants are asked to nominate a project manager, allocate resources, request a budget and start the impact analysis.
TAS Group has been helping Commercial and Central Banks in the Eurosystem harmonize the process for over 20 years, starting domestically with the Bank of Italy’s RTGS migration towards TARGET and gradually expanding into T2, T2S and Collateral management infrastructures at ECB level.
Together with our partners, KPMG Advisory Services Italy and Accenture, we are assisting banks throughout the project preparation, implementation and roll-out phases, aimeing at reducing complexity and risks, while taking the opportunity to achieve significant improvements in the multiple legal, organizational and technical changes introduced by the new scenario.
Get in touch with our experts to schedule a deep dive into our proposal
Did you miss our Head of Capital Markets, Mario Mendia’s session at EBAday in Munich last June?
Read more about the market’s readiness in Mario’s article published recently on Bobsguide.
Focus on: "How banks are preparing (or not) for T2/T2S consolidation"
