Focus Session in Frankfurt am Main

Welcome address – keynote speech TARGET Services

The Eurosystem has embarked on a number of ambitious projects, such as the establishment of the TARGET Instant Payments Settlement (TIPS) platform and the consolidation of TARGET2 and T2S, seeking to bring RTGS, securities settlement and instant retail payment services together under a single umbrella. Together, TARGET Services will make a significant contribution to the integration of Europe’s financial market infrastructures.

Q&A session TARGET Instant Payments Settlement

Two months before the launch of the TIPS platform, the ECB will be sitting down with market participants to discuss various technological and functional aspects of TIPS and look at how instant payments are changing the market as a whole. The audience can interact with the panel by asking questions and taking part in online voting.

• Speakers:Robert Herzig, Metro AG Alban Lecuir, Groupe BPCE Christina Wejshammar, Sveriges Riksbank
• Moderator:Marc Bayle de Jessé, ECB

Cyber resilience

The Eurosystem has developed a strategy aimed at enhancing the cyber resilience of financial market infrastructures. This session will provide insight into the key features of that strategy and look at how institutions plan to approach the issue and strengthen cooperation.

PresentationWhat is the Eurosystem’s cyber resilience strategy?

Panel discussionHow financial market infrastructures can increase their resilience through cooperation

• Speakers:Charlotte Branfield, Citibank Martijn Dekker, ABN AMRO Hays Littlejohn, EBA Clearing Francisco Tur Hartmann, ECB
• Moderator:Fiona van Echelpoel, ECB

PresentationConsolidating TARGET2 and T2S

The Eurosystem’s payment and securities settlement services are undergoing technical and functional convergence. Participants in the new RTGS system, which will be operational from November 2021, will be offered enhanced functionalities and central liquidity management. Migration to the new RTGS system will take the form of a “big bang”, with all participants joining in the course of a single weekend. This presentation will shed light on that big bang migration and look at what banks need to do in order to prepare for the new system. The transition to the new Eurosystem Collateral Management System in 2022 will also be discussed.

Panel discussionPreparing for the new RTGS system and the transition to the Eurosystem Collateral Management System

Representatives of the banking sector will look at how best to prepare for the new RTGS system, the enhanced liquidity management services and the new Eurosystem Collateral Management System, discussing the various challenges and opportunities.

• Speakers:Gesa Benda, BNY Mellon Reiner Braungart, Landesbank Baden-Württemberg Edwin De Pauw, Euroclear Jochen Metzger, Bundesbank
• Moderator:Mehdi Manaa, ECB

Closing remarks

• Mehdi Manaa, ECB