Eurozone’s RTGS system suffers major outage
ECB says Target2 system’s production site had to shift to alternative region – rules out cyber incident
The eurozone’s Target2 and T2S payment systems were “adversely affected” by a “major incident” on Friday, October 23, the European Central Bank said.
The incident left Target2 unable to fully offer settlement services for around 11 hours, the ECB said in a statement issued on October 25. Central Banking understands this incident is the longest unexpected outage that the eurozone’s payment systems have experienced, though they have suffered shorter unexpected shutdowns.
The backup systems in
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