ECB could offer governance concession on T2S
European Central Bank could modify governance arrangements of its settlement platform in a bid to entice sterling to join
The European Central Bank (ECB) would be prepared to modify the governance arrangements for Target2Securities (T2S), its platform for securities settlements, said Gertrude Tumpel-Gugerell, the member of the executive board responsible for payments and market infrastructure at the European Central Bank, at a briefing in London.
"We could offer a special governance model where all central banks involved have an equal say in the operations and strategic direction of T2S," she said.
At present
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