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Publications on Payments and securities

29/07/2016
TITUS – Crisis communication exercise for euro area financial market infrastructures report
15/07/2016
Eurosystem oversight policy framework
30/06/2016
Disclosure report - TARGET2 assessment against the principles for financial market infrastructures
12/05/2016
TARGET Annual Report 2015
19/02/2016
Revised oversight framework for retail payment systems
29/01/2016
Covered bonds in the European Union – ECB contribution to the European Commission’s public consultation
25/01/2016
CCBM information for counterparties – summary of legal instruments used in the euro area
25/01/2016
CCBM procedures for Eurosystem counterparties
23/09/2015
Eurosystem oversight policy framework
23/09/2015
Standards for the use of central counterparties in Eurosystem foreign reserve management operations
04/09/2015
ECB response to the European Commission's consultation on the review of the EMIR
25/08/2015
Report of the ESCB on the need for any measure to facilitate the access of CCPs to central bank liquidity facilities
15/07/2015
Fourth report on card fraud, July 2015
01/06/2015
TARGET Annual Report 2014 Press release
21/05/2015
Building a Capital Markets Union – Eurosystem contribution to the European Commission’s Green Paper EC Consultation page
27/03/2015
Joint response from the Bank of England and the ECB to the consultation document of the European Commission: "An EU framework for simple, transparent and standardised securitisation" EC consultation page (with original consultation document, FAQ)
02/03/2015
Virtual currency schemes - a further analysis [online only]
25/02/2015
Guide for the assessment of card payment schemes against the oversight standards
24/02/2015
Ninth survey on correspondent banking in euro, 2014
01/01/2015
CCBM procedures for Eurosystem counterparties [online only]
01/01/2015
CCBM information for counterparties – summary of legal instruments used in the euro area [online only]
18/11/2014
Guide for the assessment of credit transfer schemes against the oversight standards [online only]
18/11/2014
Guide for the assessment of direct debit schemes against the oversight standards [online only]
20/10/2014
Mandate of the European Forum on the Security of Retail Payments [online only] Press release
13/10/2014
The case for a better functioning securitisation market in the European Union: A discussion paper - Responses [online only]
13/10/2014
The case for a better functioning securitisation market in the European Union: synthesis of responses [online only]
07/07/2014
Collateral eligibility and availability: Follow-up to the report on "Collateral eligibility requirements - a comparative study across specific frameworks" [online only]
07/07/2014
Improvements to commercial bank money (COBM) settlement arrangements for collateral operations [online only]
07/07/2014
Euro repo market: improvements for collateral and liquidity management [online only]
30/05/2014
The case for a better functioning securitisation market in the European Union: A discussion paper Joint paper by the ECB and the Bank of England
26/05/2014
Correspondent central banking model (CCBM) - Procedures for Eurosystem counterparties
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[online only]
22/05/2014
TARGET Annual Report 2013 [online only] Press release:
12/05/2014
Final recommendations for the security of payment account access services following the public consultation [online only]
29/04/2014
Card payments in Europe – a renewed focus on SEPA for cards [online only] Press release:
11/04/2014
The impaired EU securitisation market: causes, roadblocks and how to deal with them Joint paper by the ECB and the Bank of England
18/03/2014
Public note on security of payment account access services [online only] Responses
25/02/2014
Third report on card fraud [online only] Press release:
04/02/2014
Assessment guide for the security of internet payments [online only] Press release:
06/01/2014
Framework for the assessment of securities settlement systems and links to determine their eligibility for use in Eurosystem credit operations [online only]
24/10/2013
Second SEPA migration report, October 2013 [online only] Press release:
27/09/2013
Framework for the assessment of securities settlement systems and links to determine their eligibility for use in Eurosystem credit operations [online only] Press release:
16/07/2013
Second report on card fraud [online only] Press release:
15/07/2013
Collateral eligibility requirements - a comparative study across specific frameworks [online only] Press release:
24/05/2013
TARGET Annual Report 2012 [online only] Press release:
09/05/2013
Article: Target balances and monetary policy operations Monthly Bulletin 5/2013
07/05/2013
Correspondent central banking model (CCBM) - Procedures for Eurosystem counterparties [online only]
08/04/2013
Eighth survey on correspondent banking in euro Press release:
21/03/2013
SEPA migration report, March 2013 [online only] Press release:
11/02/2013
Eurosystem's response to the EBA and ESMA's public consultation on the principles for benchmark-setting processes in the EU [online only]
11/02/2013
Eurosystem's response to IOSCO's consultation report on financial benchmarks [online only]
31/01/2013
Recommendations for "payment account access" services. Draft document for public consultation [online only] Press release:
31/01/2013
Recommendations for the security of internet payments: outcome of the public consultation [online only] Press release:
31/01/2013
Recommendations for the security of internet payments. Final version after public consultation [online only] Press release:
17/12/2012
Research Bulletin No. 17 [online only]
29/11/2012
Oversight expectations for links between retail payment systems [online only] Press release:
29/11/2012
Summary of the outcome of the public consultation on the oversight expectations for links between retail payment systems [online only] Press release:
29/10/2012
Virtual currency schemes [online only]
25/07/2012
Report on card fraud [online only] Press release:
31/05/2012
TARGET Annual Report 2011 [online only]
20/04/2012
Recommendations for the security of internet payments [online only] Press release:
19/04/2012
Eurosystem Oversight Report 2011 [online only] Press release:
23/03/2012
Oversight expectations for links between retail payment systems Consultation draft [online only] Press release:
19/01/2012
Article: Towards an integrated European card payments market Monthly Bulletin 1/2012
18/11/2011
Standards for the use of central counterparties in Eurosystem foreign reserve management operations, November 2011 [online only]
14/11/2011
Oversight assessment of the euro system of the EBA CLEARING company (EURO1) against the CPSS core principles, November 2011 Press release:
04/11/2011
The future of retail payments: opportunities and challenges
05/07/2011
Eurosystem oversight policy framework [online only]
19/05/2011
TARGET Annual Report 2010 [online only] Press release:
12/04/2011
Settlement fails - report on securities settlement systems (SSS) measures to ensure timely settlement [online only]
20/01/2011
Correspondent central banking model (CCBM) - Procedure for Eurosystem counterparties
22/10/2010
7th SEPA progress report: Beyond theory into practice [online only] Press release:
13/10/2010
Oversight framework for credit transfer schemes [online only] Press release:
13/10/2010
Oversight framework for direct debit schemes [online only] Press release:
13/10/2010
Summary of the outcome of the public consultation on the oversight frameworks for credit transfer and direct debit schemes [online only] Press release:
13/10/2010
Information brochure: A single currency - an integrated market infrastructure (T2, T2S, CCBM2, SEPA)
08/09/2010
Eurosystem assessment report on the implementation of the business continuity oversight expectations for systemically important payment systems [online only] Press release:
06/09/2010
The payment system – payments, securities and derivatives, and the role of the Eurosystem in this field Press release:
09/07/2010
European Commission’s public consultation on derivatives and market infrastructures - Eurosystem contribution [online only]
18/05/2010
TARGET Annual Report 2009 [online only] Press release:
23/04/2010
Results of the public consultation on ABS loan-level information in the Eurosystem collateral framework [online only] Public consultation
19/04/2010
Report on the lessons learned from the financial crisis with regard to the functioning of European financial market infrastructures [online only]
27/01/2010
Correspondent central banking model (CCBM) - procedure for Eurosystem counterparties [online only]
15/01/2010
T2S - Settling without borders
30/12/2009
Retail payments - integration and innovation (A joint conference by the ECB and de Nederlandsche bank 25 - 26 May 2009) [online only]
01/12/2009
Glossary of terms related to payment clearing and settlement systems [online only] Press release:
12/11/2009
Eurosystem oversight report 2009 [online only] Press release:
06/11/2009
Consultation of the Committee of European Securities Regulators on trade repositories in the European Union - ECB contribution [online only]
04/09/2009
Consultation of the European Commission on "Possible initiatives to enhance the resilience of OTC derivatives markets", Eurosystem contribution [online only]
03/09/2009
OTC derivatives and post-trading infrastructures [online only]
10/08/2009
Oversight framework for credit transfer schemes [online only] Press release:
10/08/2009
Oversight framework for direct debit schemes [online only] Press release:
02/07/2009
The Single Euro Payments Area (SEPA): an integrated retail payments market
23/06/2009
Recommendations for securities settlement systems and recommendations for central counterparties in the European Union - European Central Bank (ECB) and the Committee of European Securities Regulators (CESR) [online only] Press release:
15/05/2009
TARGET Annual Report 2008 [online only] Press release:
15/05/2009
TARGET2 Oversight Assessment Report [online only] Press release:
27/03/2009
Eurosystem's SEPA expectations [online only] Press release:
27/03/2009
SEPA expecations - form
20/02/2009
Harmonised oversight approach and oversight standards for payment instruments [online only] Press release:
20/02/2009
Eurosystem oversight policy framework [online only] Press release:
30/12/2008
Correspondent central banking model (CCBM) - procedure for Eurosystem counterparties [online only]
24/11/2008
6th SEPA progress report [online only] Press release:
20/11/2008
The Eurosystem policy principles on the location and operation of infrastructures settling euro-denominated payment transactions: specification of “legally and operationally located in the euro area” [online only]
13/11/2008
Article: Ten years of TARGET and the launch of TARGET2 Monthly Bulletin 11/2008
04/09/2008
Information brochure: A single currency - an integrated market infrastructure (T2, T2S, CCBM2, SEPA) [update of the 2007 edition]
17/07/2008
CCBM2 User Requirements 4.1 [online only]
11/07/2008
Payment systems and market infrastructure oversight report [online only] Press release:
28/04/2008
TARGET Annual Report 2007 [online only] Press release:
31/01/2008
ECB Payments and monetary and financial stability
11/01/2008
Oversight framework for card payment schemes – standards [online only] Press release:
10/12/2007
Correspondent central banking model (CCBM) - procedure for Eurosystem counterparties
29/10/2007
Fifth progress report on TARGET2 [online only] Press release:
29/10/2007
Fifth progress report on TARGET2, Annex 1: Information guide for TARGET2 users (version 1.1, Jan 2009) [online only]
29/10/2007
Fifth progress report on TARGET2, Annex 2: User information guide to TARGET2 pricing [online only]
29/10/2007
Fifth progress report on TARGET2, Annex 3: TARGET2 compensation scheme - claim form [online only]
26/10/2007
TARGET2-Securities progress report [online only] Press release:
14/08/2007
Payment and securities settlement systems in the European Union, Blue Book, fourth edition, Volume 1: euro area countries Press release:
14/08/2007
Payment and securities settlement systems in the European Union, Blue Book, fourth edition, Volume 2: non-euro area countries Press release:
24/07/2007
The Eurosystem policy principles on the location and operation of infrastructures settling euro-denominated payment transactions [online only] More information on Eurosystem policy principles
20/07/2007
5th SEPA progress report [online only] Press release:
10/07/2007
The role of central counterparties Issues related to central counterparty clearing. ECB-Fed Chicago conference, 3-4 April 2006 Conference page
22/06/2007
Fourth Progress Report on TARGET2 [online only] General Functional Specifications: en Press release:
11/05/2007
TARGET Annual Report 2006 [online only]
08/03/2007
TARGET2-Securities - The blueprint [online only] Press release:
08/03/2007
TARGET2-Securities - Technical feasiblity [online only] Press release:
08/03/2007
TARGET2-Securities - Operational feasibility [online only] Press release:
08/03/2007
TARGET2-Securities - Legal feasibility [online only] Press release:
08/03/2007
TARGET2-Securities - Economic feasibility [online only] Press release:
28/12/2006
Correspondent central banking model (CCBM) - procedure for Eurosystem counterparties [online only]
22/12/2006
Payment and securities settlement systems in the European Union and in the acceding countries - addendum incorporating 2005 data (Blue Book, December 2006) Press release:
21/12/2006
Acceptance criteria for third-party rating tools within the Eurosystem credit assessment framework
20/11/2006
The Eurosystem's view of a "SEPA for Cards" [online only] Press release:
20/11/2006
Third progress report on TARGET2 [online only] Press release:
13/11/2006
The Single Euro Payments Area (SEPA): An integrated retail payments market
18/10/2006
TARGET2 - from TARGET to TARGET2 innovation and transformation, brochure
16/10/2006
SEPA, The Single Euro Payments Area - an introduction
21/09/2006
TARGET2-Securities brochure
10/08/2006
Article: The evolution of large-value payment systems in the euro area Monthly Bulletin 8/2006
24/07/2006
Communication on TARGET2 TARGET2 participation and pricing [online only] Press release:
09/06/2006
Business continuity oversight expectations for systemically important payment systems (SIPS) [online only] Press release:
19/05/2006
TARGET Annual Report 2005 Press release:
11/05/2006
Article: The single list in the collateral framework of the Eurosystem Monthly Bulletin 5/2006
06/03/2006
Payment and securities settlement systems in the European Union and in the acceding countries - addendum incorporating 2004 data (Blue Book) corrected version 31 March Press release:
17/02/2006
Towards a single euro payments area - fourth progress report [with the exception of the English version, online only] Press release:
21/10/2005
Second progress report on TARGET2 [online only] Press release:
29/08/2005
Result of oversight assessment of retail payment systems in euro [online only]
22/08/2005
TARGET - the current system, brochure (update 2005)
22/08/2005
TARGET2 – Innovation and Transformation, brochure (update 2005)
19/08/2005
Central banks’ provision of retail payment services in euro to credit institutions - policy statement [online only]
02/08/2005
Payment and securities settlement systems in the European Union - Addendum incorporating 2003 figures (Blue Book, August 2005), (data for the period 1999-2003) Press release:
21/06/2005
Information guide for credit institutions using TARGET [online only]
21/06/2005
Assessment of SORBNET-EURO and BIREL against the Core Principles Connection of SORBNET-EURO to TARGET via the Banca d'Italia and its national RTGS system BIREL [online only]
25/05/2005
TARGET Annual Report 2004 Press release:
17/05/2005
Correspondent central banking model (CCBM) - procedure for Eurosystem counterparties Revised version: August 2006 [online only]
14/04/2005
Article: The ESCB-CESR standards for securities clearing and settlement in the European Union Monthly Bulletin 4/2005
28/02/2005
Payment and securities settlement systems in the accession countries - Addendum incorporating 2003 figures Press release:
08/02/2005
Progress Report on Target2 [online only] Press release:
02/12/2004
Towards a single euro payments area - third progress report Press release:
26/10/2004
Issues paper for the ECB Conference on 10 November 2004 'E-payments without frontiers' Press release:
22/10/2004
Standards for securities clearing and settlement in the European Union Press release:
29/09/2004
TARGET - the current system, brochure (update 2004)
29/09/2004
TARGET2 - the future TARGET system, brochure (update 2004)
21/05/2004
Assessment of euro large-value payment systems against the Core Principles
12/05/2004
TARGET Annual Report 2003 Press release:
10/05/2004
The use of Central bank money for settling securities transactions
22/04/2004
TARGET compensation claim form
15/04/2004
Payment and securities settlement systems in the European Union - Addendum incorporating 2002 figures (Blue Book, April 2004) Press release:
15/04/2004
Payment and securities settlement systems in the accession countries - Addendum incorporating 2002 figures (Blue Book, April 2004) Press release:
13/04/2004
Article: Future developments in the TARGET system Monthly Bulletin 4/2004
28/01/2004
Assessment of accession countries' securities settlement systems against the standards for the use of EU securities settlement systems in Eurosystem credit operations Press release:
29/11/2003
TARGET2: the payment system of the €urosystem, (brochure, 12 pages)
29/11/2003
TARGET: the Trans-European Automated Real-Time Gross settlement Express Transfer system - update 2003, (brochure, 16 pages)
30/09/2003
Correspondent central banking model - procedures for Eurosystem counterparties
06/09/2003
Payment and securities settlement systems in the European Union Addendum incorporating 2001 figures (Blue Book, September 2003) Additional Information
09/07/2003
Information Guide for credit institutions using TARGET Press release:
26/06/2003
Towards a Single Euro Payments Area - progress report Press release:
26/06/2003
Oversight standards for euro retail payment systems Press release:
23/05/2003
Electronic money system security objectives according to the common criteria methodology Press release:
15/05/2003
Article: Electronification of payments in Europe Monthly Bulletin 5/2003
20/04/2003
TARGET Annual Report 2002 Press release:
15/04/2003
Terms and conditions governing the use of the EPM
23/01/2003
Article: CLS - purpose, concept and implications Monthly Bulletin 1/2003
30/08/2002
Payment and securities settlement systems in accession countries csv data: en Press release:
20/07/2002
Payment and securities settlement systems in the European Union, Addendum incorporating 2000 figures (Blue Book) Additional information
24/06/2002
TARGET - Release November 2001: TARGET Minimum common performance features of RTGS systems within TARGET
22/06/2002
TARGET - Release November 2001: TARGET interlinking data dictionary
21/06/2002
TARGET - Release November 2001: TARGET interlinking specification
19/06/2002
TARGET - Release November 2001: TARGET interlinking user requirement
20/04/2002
TARGET Annual Report 2001
11/04/2002
Article: The role of the Eurosystem in payment and clearing systems Monthly Bulletin 4/2002
30/11/2001
Towards an integrated infrastructure for credit transfers in euro Press release:
27/09/2001
The Eurosystem's policy line with regard to consolidation in central counterparty clearing Press release:
09/08/2001
Article: Consolidation in central counterparty clearing in the euro area Monthly Bulletin 8/2001
30/06/2001
Payment and securities settlement systems in the European Union (Blue Book, third edition, 2001) Additional information
30/05/2001
TARGET Annual Report 2000 Press release:
08/02/2001
Article: Towards a uniform service level for retail payments in the euro area Monthly Bulletin 2/2001
20/09/2000
EPM: the ECB Payment Mechanism
14/09/2000
Improving cross-border retail payment services - Progress report Press release:
21/06/2000
Role of the Eurosystem in the field of payment systems oversight Press release:
21/03/2000
Interlinking - Data Dictionary v.2.02 (Update to the Technical annexes to the second progress report on the TARGET project.)
29/02/2000
Payment systems in the European Union: Addendum incorporating 1998 figures Press release:
10/02/2000
Article: Consolidation in the securities settlement industry Monthly Bulletin 2/2000
29/11/1999
Cross-border payments in TARGET: A users' survey Press release:
11/11/1999
Article: TARGET and payments in euro Monthly Bulletin 11/1999
30/09/1999
Improving cross-border retail payment services in the euro area - the Eurosystem's view Press release:
25/09/1999
TARGET: facts, figures, future, (brochure, 8 pages)
30/08/1999
Payment systems in countries that have applied for membership of the European Union (Blue Book) Press release:
20/01/1999
Payment systems in the European Union: Addendum incorporating 1997 figures
30/11/1998
Third progress report on the TARGET project Press release:
25/09/1998
Assessment of EU securities settlement systems against the standards for their use in ESCB credit operations Press release:
16/09/1998
The single monetary policy in Stage Three: General documentation on ESCB monetary policy instruments and procedures Press release:
15/08/1998
Report on electronic money Press release:
16/07/1998
TARGET: the Trans-European Automated Real-Time Gross settlement Express Transfer system, (brochure, 16 pages) Press release:
01/01/1998
Payment systems in the European Union: Addendum incorporating 1996 figures, European Monetary Institute
01/01/1997
Payment systems in the European Union: Addendum incorporating 1995 figures, European Monetary Institute
01/01/1995
Developments in EU payment systems in 1994
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Report to the Council of the European Monetary Institute, by the Working Group on EU Payment Systems
01/05/1994
Blue Book Addendum (figures for 1992) European Monetary Institute
01/05/1994
Prepaid cards
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by the Working Group on EU Payment Systems
01/09/1992
Payment system in EC Member States (Blue Book) Committe of Governors of the central banks of the Member States of the European Economic Community