ECB's Tumpel hails "encouraging" replies to T2S
Responses from Europe's settlement houses to an invitation to join the European Central Bank's settlement initiative, T2S, have been "encouraging" said Gertrude Tumpel-Gugerell, an executive director at the ECB, two days ahead of the deadline for replies.
"We have had encouraging letters from CSDs, but we have to get the full picture," she said in a briefing to journalists in London. In May, the central bank invited Europe's settlement institutions, known as Central Securities Depositories or
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