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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.

MIP OnLine is out! Read the latest news on market infrastructure and payments

What happened in the first few months of 2017? Read MIP OnLine and keep up to date with the latest news on market infrastructure and payments!

In the editorial, Marc Bayle takes us on the Eurosystem’s journey towards financial market integration, sharing the latest updates on the status of Target2-Securities (T2S) and providing insights into the upcoming initiatives for 2017.

T2S has achieved another crucial milestone – the migration of wave 4 – bringing an unprecedented increase in the volume of transactions. Make sure you read our article to get the latest facts and figures on T2S!

Finally, find out who is behind the steering wheel of the Eurosystem’s initiatives in market infrastructure and payments in an interview with Pierre Beck, outgoing Vice-Chair of the Market Infrastructure Board (MIB).

Click the link above and enjoy reading!

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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