ECB offers CSDs financial incentives for early T2S adoption
European Central Bank offers central securities depositories (CSDs) financial incentives to sign up to T2S early; governing council gives CSDs until the end of April to agree
The European Central Bank (ECB) last Thursday quietly revealed that the TARGET2-Securities (T2S) Framework Agreement had been settled.
In a short paragraph in the regular release of Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates), the endorsement was revealed. It said a "financial incentive package" had been agreed for early signatories.
In a letter sent to central securities depositories (CSDs), seen by CentralBanking.com, the details of
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