Read our latest Press Release to know more on our market presence
ECB marketplace event: Download our presentation
Discover more about the
T2/T2S Consolidation Interbank Working Group meetings, chaired by TAS Group in partnership with Accenture and KPMG.
The Eurosystem Consolidation project, which is set to unify and revolutionize central settlement systems for cash, securities and collateral, represents a major change for the European Financial Industry. The ambitious project will enable extended hours of settlement and deliver increased efficiencies, supporting an ever more integrated financial market infrastructure in Europe and guaranteeing a higher level of security and improved usability.
The new system will go live in November 2021 with a big-bang migration and any participant not ready by this date will be excluded from central bank monetary operations, unable to pay or be paid in CB money or perform ancillary system settlements.
With its major impact on the bank and multi-annual capital budget, the Consolidation project presents a clear opportunity for those who haven’t yet worked on adopting ISO20022, automating tasks, integrating information, scaling up their applications in real-time and forecasting through adaptive intelligence. It is a huge opportunity for banks to optimize their liquidity management.
Readiness of the Banks - Main Tasks and Milestones
Source the ECB: https://www.ecb.europa.eu/paym/initiatives/shared/docs/581cd-ami-pay-2019-05-14-item-3-t2-t2s-consolidation-enhanced-list-of-key-milestones.pdf
TAS Group has been helping Commercial and Central Banks in the Eurosystem harmonization process for over 20 years, starting with the domestic RTGS migrations towards TARGET and gradually expanding into T2, T2S and Collateral management infrastructures at ECB level.
Over 40 Commercial Banks and 1 Central Bank have already adopted our solutions to prepare for the Consolidation migration. We are now ready to put our experience and expertise to work for you.
Read our latest Press Release to know more on our market presence
ECB marketplace event - On-stage pitch: Mario Mendia on how TAS Group can support market participants for the ISO20022 migration and the new RTGS. Download the presentation
Discover Aquarius, our comprehensive solution to meet the T2/T2S Consolidation challenges.
Discover PAG€, the first cloud-based ESMIG access with built-in certified NSP connectivity.
Get in touch with our experts to learn how we can support you with the Consolidation project and help you to futureproof your liquidity management.
Project objectives
Additional benefits
