T2S Board

The T2S Board is a streamlined management body in charge of developing proposals to the Governing Council on key T2S strategic issues. The Board is responsible for the day-to-day management of the project as well as for the relations with market stakeholders and the 4CB.

The Governing Council of the European Central Bank (ECB) appointed in July 2012 the members of the T2S Board, the new management body replacing the former T2S Programme Board ( T2S Online No 1 and No 6 ). The T2S Board is composed of 13 members: 1 Chairperson from the ECB, 1 Deputy Chairperson and 8 members from Eurosystem central banks, 1 member from a non-euro central bank and 2 non-central banks members.

Mandate

The T2S Board was established by the Governing Council of the European Central Bank through the “Decision of the European Central Bank of 29 March 2012” ( ECB/2012/6 ). The T2S Board is responsible for the day-to-day management of the project as well as for the relations with market stakeholders and the 4CB. Once T2S has gone live, the T2S Board shall ensure the smooth operation of T2S and facilitate its continuous evolution in line with market needs.

Chair & Secretariat

	Jean-Michel Godeffroy Chairperson European Central Bank Jean-Michel Godeffroy Chairman of the T2S Board and T2S Advisory Group Supervised the delivery of TARGET and TARGET2 systems
	Pierre Beck Deputy Chairperson Banque centrale du Luxembourg Pierre Beck Deputy chairperson of the T2S Board Member of the Executive Board of the Banque centrale du Luxembourg
	Manfred Skalitzky Secretary European Central Bank Manfred Skalitzky Chairman of the T2S Board and T2S Advisory Group Former Director General of Payment Systems and Market Infrastructure at the ECB Former Chair of the Payment and Settlement Systems Committee of the Eurosystem Supervised the delivery of TARGET and TARGET2 systems

 

Members

Eurosystem central banks

	Peter Holicka Národná banka Slovenska Peter Holicka General Director of the Payment Systems Department at Národná banka Slovenska
	Luc Janssens Nationale Bank van België/ Banque Nationale de Belgique Luc Janssens Head of the Securities Division at the Nationale Bank van België/Banque Nationale de Belgique Member of the Demat Task Force for the dematerialisation of securities
	Yvon Lucas Banque de France Yvon Lucas Advisor to the Director General Operations at the Banque de France Chair of the T2S Harmonisation Steering Group
	Cristina Mastropasqua Banca d'Italia Cristina Mastropasqua Director in the Payment System Department at the Banca d’Italia
	Jochen Metzger Deutsche Bundesbank Jochen Metzger Head of the Payments and Settlement Systems Department at the Deutsche Bundesbank Bundesbank representative in the Committee on Payments and Settlement Systems (CPSS)
	Michalis Michalopoulos Bank of Greece Michalis Michalopoulos Director of the Government Financial Operations and Accounts Department and of the Human Resources and Organisation Department at the Bank of Greece Visiting professor in the Department of Financial Engineering and Management at the University of the Aegean.
	Michael Power Central Bank of Ireland Michael Power Head of IT and Deputy Chief Information Officer at the Central Bank of Ireland Lead representative of the Central Bank of Ireland to the Eurosystem IT Steering Committee on European IT initiatives
	Luis Miguel Rodriguez Caramelo Banco de España Luis Miquel Rodriguez Caramelo Senior Advisor at the Banco de España

Non-euro area central bank

Kristian Kjeldsen Danmarks Nationalbank Kristian Kjeldsen Head of Payment Systems at Danmarks Nationalbank

Non-central bank

Paul Bodart Former Executive VP, Head of EMEA Operations, Bank of New York Mellon Paul Bodart Former Executive Vice-President of the Bank of New York Mellon, with responsibility for global custody operations and asset servicing operations in EMEA region Former CEO and executive director of BNY Mellon SA/NV Member of the T2S Advisory Group since 2007 Former Chair of the T2S Corporate Actions Sub-group and the Task Force on Shareholder Transparency

Soledad Nuñez Former Director General of the Treasury and Financial Policy, Ministry of Economy and Finance, Spain Soledad Nuñez Professor at the IE Business School in Madrid, Spain Former Director General of the Treasury and of Financial Policy of Spain (2005-2011) Former board member of the Banco de España PhD in Economics from University of Minnesota, United States