Public consultations
Ongoing consultations
- 6 June 2025
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Public consultation on a possible extension of T2 operating hours
Deadline: 18:00 CET on 30 September 2025
Under review
There are currently no public consultations under review.
Completed consultations
- 14 July 2025
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Public consultation on the recast of the Regulation on oversight requirements for systemically important payment systems
Regulation (EU) 2025/1355 of the European Central Bank of 2 July 2025 on oversight requirements for systemically important payment systems (ECB/2025/22) (recast)
Response to the public consultation on a proposed recast of the ECB Regulation on oversight requirements for systemically important payment systems (SIPS Regulation)
Deadline: 18:00 CET on 29 November 2024
- 22 November 2021
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Public consultation on the draft Eurosystem oversight framework for electronic payment instruments, schemes and arrangements
Press Release
Summary of responses
Deadline: 18:00 CET on 31 December 2020 - 23 November 2020
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Public consultation by the working group on euro risk-free rates on EURIBOR fallback trigger events
Press release
Public consultation
Summary of responses
Deadline: 17:00 CET on 15 January 2021 - 23 November 2020
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Public consultation by the working group on euro risk-free rates on €STR-based EURIBOR fallback rates
Press release
Public consultation
Summary of responses
Deadline: 17:00 CET on 15 January 2021 - 12 October 2020
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Public consultation on a digital euro
Press release
Hub: A digital euro
Report on a digital euro
Letter from Fabio Panetta to Irene Tinagli, MEP, on ECB public consultation on a digital euro
List of questions
Summary of responses
Responses to the public consultation
Deadline: 23:59 CET on 12 January 2021 - 27 November 2020
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Public consultation on the revision of the ECB Regulation on oversight requirements for systemically important payment systems and two implementing ECB Decisions
Comments
Deadline: 18:00 CET on 8 January 2021
- 24 July 2020
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Public Consultation package for the production of compounded term rates based on €STR
Press release
Summary of responses
Deadline: 18:00 CET on 11 September 2020 - 13 March 2020
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Public consultation by the working group on euro risk-free rates on Swaptions impacted by the CCP discount change from EONIA to the €STR
Deadline: 17:00 CET on 17 April 2020
- 28 May 2019
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Market consultation on a potential Eurosystem initiative regarding a European mechanism for the issuance and initial distribution of debt securities in the European Union
Deadline: 9 July 2019
Outcome
Responses - 15 May 2019
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Public consultation by the working group on euro risk-free rates on the EONIA to €STR legal action plan
Deadline: 17:00 CET on 12 June 2019 - 8 March 2019
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ECB consults on the procedure and conditions for exercise by a competent authority of certain powers in relation to oversight of SIPS
Deadline: 17:00 CET on 12 April 2019 - 21 January 2019
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ECB consults on the user detailed functional specifications for the future RTGS service in the context of the T2-T2S consolidation
Cover Note - Call for Comments on User Detailed Functional Specifications v1.1 for T2 Service (CLM and RTGS)User Detailed Functional Specifications v1.1 - Central Liquidity Management (CLM)User Detailed Functional Specifications v1.1 – Real-time gross settlement (RTGS)Template for feedback - UDFS - CLMTemplate for feedback - UDFS - RTGS
Deadline: 5 April 2019
T2-T2S.Consolidation@ecb.europa.eu
- 20 December 2018
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Second public consultation by the working group on euro risk-free rates on determining an ESTER-based term structure methodology as a fallback in EURIBOR-linked contracts
Deadline: 17:00 CET on 1 February 2019 - 21 June 2018
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First public consultation by the working group on euro risk-free rates on the assessment of candidate euro risk-free rates
Deadline: 17:00 CET on 13 July 2018 - 10 April 2018
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Public consultation on cyber resilience oversight expectations
Deadline: 17:00 CET on 5 June 2018 - 15 March 2018
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Second public consultation on developing a euro unsecured overnight interest rate
Deadline: 17:00 CET on 20 April 2018
- 28 November 2017
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First public consultation on developing a euro unsecured overnight interest rate
Deadline: 12 January 2018 - 10 May 2017
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ECB consults on the user requirements for the future RTGS service in the context of the T2-T2S consolidation:
Executive summary to the market consultation on the future RTGS servicesT2-T2S Consolidation - User Requirements Document - Central Liquidity ManagementT2-T2S Consolidation - User Requirements Document - Future RTGST2-T2S Consolidation - User Requirements Document - Shared ServicesT2-T2S Consolidation – GlossaryTemplate for feedback - URD – CLMTemplate for feedback - URD – RTGSTemplate for feedback - URD – SHRDTemplate for feedback - URD – GlossaryDeadline: 30 June 2017
T2-T2S.Consolidation@ecb.europa.eu
Outcome - 23 January 2017
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ECB consults on market interest in a TIPS service and its expected usage:
Questionnaire on expected volumes in TARGET instant payment settlement (TIPS) serviceDeadline: 24 February 2017
- 9 January 2017
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Consultation on TARGET Instant Payments Settlement User RequirementsTemplate for comments
Deadline: 24 February 2017
ECB consults on user requirements document:
Outcome
- 20 December 2016
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Draft Regulation of the European Central Bank amending Regulation (EU) No 795/2014 on oversight requirements for systemically important payment systemsDraft Decision of the European Central Bank on the methodology for calculating sanctions for infringements of the oversight requirements for systemically important payment systemsTemplate for comments
Deadline: 20 February 2017
ECB consults on revision of the SIPS Regulation:
Outcome - 15 February 2016
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Consultation on RTGS services in relation to Eurosystem´s vision for the future of Europe’s financial market infrastructure
Deadline: 4 April 2016
Summary of feedback received