Agenda
When, where
16 and 17 March 2009, from 09:00 to 18:00
ECB, Euro Tower, Meeting room C V
1. Chairman’s opening remarks
The chairman, Marc Bayle, will welcome the participants and explain the motivation to setup the Central Bank Experts Network.
2. T2S central bank expert network and T2S communication
The network is invited to discuss its roles and responsibilities in the communication towards their respective national markets
3. The securities settlement landscape and recent developments
Participants will be provided with an overview of the current and possible future organisation of Europe's post trading environment in light of T2S. [1.21 MB]
4. Introduction and tour the table on T2S-related matters that are of the NUGs concern.
Participants are invited to present themselves and explain the interaction with their national market. Participants are particularly welcome to raise any issues that have emerged in their market. Such issues may relate to the communication on T2S, functional issues or any other concerns that may exist.
5. T2S - origin, objectives and general features
The T2S team will provide a general overview on T2S.
6. T2S high level programme plan and work streams
The T2S team will provide an overview on the main work streams and milestones of the T2S project
7. Legal issues related to T2S
The participants will be informed on the activities of the legal team concerning the legal framework (contractual agreement with CSD and MoU), the advice to the work streams (legal assessment of T2S, ongoing issues) and the participation to regulatory and harmonisation initiatives.
8. Governance
The T2S Team will inform the network about the governance set-up during the different phases of the project. It will explain the interrelations between the different governance bodies and their respective responsibilities. It will also brief the network on the status of the definition of the future T2S governance.
9. Definition of the T2S technical functionalities
The T2S team will provide more detailed information on the T2S functionalities and the processes related to the management of such functionalities
10. T2S benefits
10.1. Financial stability
Financial Stability generally looks at possible sources of instability at the level of markets, markets, and market infrastructures. Participants will be provided with an overview of the benefits that T2S is likely to bring to the stability of the financial system.
10.2. Harmonisation
The harmonisation of technical processes and of market practices is one of the benefits that market participants want to see fostered by T2S. The T2S team will provide and overview on the main activities in that area.
10.3. Standardisation
The T2S will provide an overview of the benefits related to T2S technical matters
10.4. Economic
The T2S will provide an overview of the economic benefits related to T2S and inform the network on the discussions related to the definition of the pricing framework.
11. Any other business
12. Chairman’s concluding remarks
