T2S markets reach 85% harmonisation compliance
The post-trade harmonisation initiative triggered by T2S has been instrumental in the setting of common rules and procedures across the European securities markets. All 20 markets joining T2S committed to complying with the T2S harmonisation standards and their progress is regularly monitored by the ECB in collaboration with the national stakeholder groups.
The 8th T2S Harmonisation Progress Report covers the period from September 2017, when the final wave of central securities depositories migrated to the platform, to the end of the year. Over that time the T2S markets achieved 85% compliance with the T2S harmonisation standards and took major steps to address the remaining gaps. The report also acknowledges the EU-wide efforts, led by the European Commission, to tackle the remaining barriers to post-trade integration.