27 October 2006

FBE statement on Target 2 Securities initiative

The FBE issued its statement on the TARGET 2 Securities initiative stating that the delivery of a sole settlement platform signifies an important step towards fully integrating the Eurozone post trading market. However, FBE’s members believe that all necessary information is not yet available which does not allow them to completely evaluate the proposed economics of the project. The functionality and the governance of the proposed initiative should also be explored in greater depth and clearly communicated to stakeholders, the Federation says. FBE also recommends that the ECB provides as soon as possible further information on the operational aspects of the proposal in order to assess its benefits and welcomes the ECB’s proposals to launch a formal consultation on a more developed description of the TARGET 2 Securities initiative.

Full statement

© FBE