ECB’s Mersch dismisses concerns over T2S launch at weekend
Remaining bugs should not interrupt launch, executive board member says
European Central Bank (ECB) executive board member Yves Mersch today (June 15) rejected concerns over the stability of the Target2 Securities (T2S) platform, due to go live this weekend.
"I can assure you [T2S] is ready for the migration," Mersch said, during testimony before the European Parliament's Econ Committee. "All central securities depositories [CSDs] have confirmed they are ready."
The system is an "integrated platform" to harmonise securities settlement across Europe, designed to
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