ECB’s Mersch provides update on infrastructure work
Review planned into harmonisation of collateralisation procedures
Yves Mersch, a member of the executive board of the European Central Bank (ECB), provided an update on the Eurosystem's vision for market infrastructure today (March 22), highlighting the need to prepare "for the enhancement of Target2 services with instant retail payments".
Business requirements for the settlement of instant payments and credit risk management across systems were "being gathered" from market participants, he told an audience in Frankfurt.
Other key projects, he said, involved
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