Market Infrastructure & Payments

We provide infrastructure for payment and securities settlement, cooperate with market stakeholders to integrate financial markets in Europe, and oversee financial market infrastructure and payment instruments.

Focus Session: highlights from Vienna

The second Focus Session took place in Vienna at the Oesterreichische Nationalbank on 18 November. Marc Bayle de Jessé, Director General of Market Infrastructure & Payments, opened the event by stressing the importance of efficiency and innovation in building the market infrastructure of tomorrow.

A number of hot topics featured on the agenda, stimulating lively debates on and off the stage among the speakers and participants, who represented many different parts of the banking sector and financial industry.

Instant payments proved to be a particularly engaging topic for the participants, who showed great interest in the Eurosystem’s ongoing investigation into offering an instant payment settlement service. Take a look at the presentation on TARGET instant payment settlement and find out more about the project here.

Save the date for our next Focus Session on 28 March 2017 in Frankfurt am Main!

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Providing market infrastructure

The Eurosystem has developed and currently operates the real-time gross settlement (RTGS) system, TARGET2, and the European platform for securities settlement in central bank money, TARGET2-Securities (T2S).

Integrating financial markets

The ECB and the Eurosystem foster financial market integration in Europe by contributing to more efficient euro retail payments and the realisation of the Single Euro Payments Area (SEPA). We promote securities harmonisation and the safe and efficient mobilisation of collateral in the euro area via the Correspondent Central Banking Model (CCBM).

Overseeing market infrastructure

The Eurosystem performs oversight to ensure the smooth functioning of payment, clearing and settlement systems. It monitors their performance, assesses them against its objectives of safety and efficiency and, where necessary, induces change.

Market infrastructure and payments explained