Banque de France partners HKMA to explore interoperability between wholesale CBDC infrastructures
The exploratory study will focus on “real-time cross-border and cross-currency payments”.
The exploratory study will focus on “real-time cross-border and cross-currency payments”.
First network service provider to get certification from the Eurosystem.
The European Central Bank has outlined its plans to consolidate the Target2 and Target2Securities (T2S) platforms, introduce a new European-wide instant payments platform by November 2017 and develop a new collateral management system. The Eurosystem’s “Vision 2020” plans were outlined by Yves Mersch, a member of the executive board at the ECB, at Sibos 2016.
With implementation of Europe’s Target2-Securities beginning in 2015, financial institutions are still defining their strategies and business models. Some questions remain to be answered.