The T2S Programme Board was established on 19 March 2009, decision including mandate. It consists of eight members and four alternates.The members are appointed for a renewable term of 18 months and do not represent their respective institutions, but act exclusively in the interests of the Eurosystem and the T2S programme.

We are pleased to introduce you to the T2S Programme Board's eight members.

Important steps in the creation of the Programme Board

• On 19 Mar. 2009 the Governing Council decided to establish the T2S Programme Board. press release
• On 23 Apr. 2009 the Governing Council appointed the members of the T2S Programme Board. press release
• On 17 Sep. 2009 the Governing Council approved the Code of Conduct and the Rules of Procedures of the T2S Programme Board.

Objectives

Based on its mandate, given by the Governing Council, the T2S Programme Board ensures that the T2S Programme is implemented:

• in accordance with market expectations, as reflected in the User Requirements Document dated 21 May 2008, and amended from time to time;
• within the budget defined by the Governing Council;
• no later than June 2013.

Responsibilities

In view of meeting its objectives, the T2S Programme Board is responsible for:

• submitting proposals to the ECB’s decision-making bodies on T2S issues that are of a strategic nature and might have an impact on the timely and successful implementation of the T2S programme within the agreed parameters;
• managing the T2S programme on a daily basis;
• managing relations with T2S clients and external stakeholders;
• reporting on the T2S programme to the ECB’s decision-making bodies on a regular and structured basis; and
• interacting with the 4CB.

The four alternates are:

• Walter Hoffenberg, Oesterreichische Nationalbank;
• Jochen Metzger, Deutsche Bundesbank;
• Jesús López Pedruelo, Banco de España; and
• Alfons Vaes, Nationale Bank van België/Banque Nationale de Belgique