310 results about this entity
Period: 16 Feb 2007 - 30 Apr 2024
News
The European Central Bank has once again been forced to push back the deadline for implementation of Target2 Securities, the Eurosystem's ambitious but controversial project to harmonise Europe's securities settlement structure.
20 September 2011
The British government is to sue the European Central Bank over draft regulations that would force major clearing houses to relocate their operations away from the City of London.
15 September 2011
The European Central Bank has set an October deadline for its final offer to central security depositories (CSDs) on a framework agreement for the Target2Securities (T2S) system. However, the UK now seems certain to turn its back on the project.
22 July 2011
Europe's central banks have begun the process of picking network service providers for the Target2Securities (T2S) system, with telecoms firms expected to challenge inter-bank co-operative Swift for the two licenses up for grabs.
15 July 2011
Finextra TV
Michael Thom, retail issues, consumer policy and payment systems, European Commission and Wiebe Ruttenberg, head of market infrastructure division, European Central Bank comment on the next steps for Sepa in this special mini-webcast.
21 June 2011
A group of 24 European banks planning to establish a rival card network to Visa and MasterCard have called on the European Commission to provide clarification over the level of multilateral interchange fees for the Single Euro Payments Area.
15 June 2011
To cut fraud, cards issued in the single euro payments area (Sepa) should only use chips, not mag-stripes, says the European Central Bank (ECB).
13 May 2011
The European Central Bank has called on Brussels to impose concrete end-dates for the imposition of new payments instruments under the Single Euro Payments Area (Sepa) project.
08 April 2011
The European Central Bank's Gertrude Tumpel-Gugerell has set out a list of New Year Resolutions for the EU payments industry, including the imposition of a Sepa migration end-date and the creation of a third card payment scheme to compete with Visa and MasterCard.
29 November 2010
The European Central Bank has settled on a delivery-versus-payment price of 15 cents per instruction for the Target 2 Securities system.
19 November 2010
The European Central Bank's (ECB) plan to create a single settlement process for all European securities, Target 2 Securities (T2S), appears to have gained more industry acceptance at last, although significant issues still remain about the eventual cost of the service and its governance.
27 October 2010
The European Central Bank has published its latest pricing proposal for the Target 2 Securities initiative, which sets a tariff for a delivery versus payment (DvP) instruction at 15 cents.
25 October 2010
The European Central Bank (ECB) says self-regulation on Sepa has not achieved the expected results and is calling on legislators to now set a mandatory migration timeline.
22 October 2010
In the wake of the global economic crisis, the European Commission is funding new research into systemic financial market risks, exploring how complex, highly inter-connected digital information and transaction systems leave institutions exposed.
18 October 2010
The European Central Bank has released preliminary figures outlining the fees that will be charged to market participants for using the forthcoming cross-border Target 2 Securities settlement system.
13 September 2010
With Sepa-compliant transaction volumes still weak, Harcus Cooper of Barclays is forecasting the introduction of phased end-dates for mandatory conversion to the new EU-wide payment instruments, with credit transfers expected to get the nod in 2013 and direct debits by 2015.
10 June 2010
The European Commission and European Central bank have hosted the first meeting of the Sepa Council, a new body created to guide the future development of the Single Euro Payments Area project.
07 June 2010
The European Central Bank confirms that it has ripped up its original timetable for the introduction of a pan-European securities settlement system as it seeks to streamline its working procedures and gain a new consensus around the controversial project.
14 April 2010
The European Central Bank has been forced to set back the deadline for the introduction of a new pan-European securities settlement system by up to a year as negotiations over pricing and governance drag on, according to a report in the Financial Times.
15 January 2010
The European Payments Council has called on EU authorities to initiate a Sepa communications campaign "comparable to that afforded for the euro introduction" to kick start public support for the Single Euro Payments Area project.
13 October 2009
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