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HomeConsultation paper on the extension of T2 operating hours
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By launching this consultation, the Eurosystem is taking the first step towards a possible future extension to the operating hours of its T2 system. Although the operating hours of the Eurosystem’s real-time gross settlement (RTGS) system (T2) were already extended in 2023, the growing challenges faced by banks in managing their liquidity due to the increasing use of instant payments in the TARGET Instant Payment Settlement (TIPS) service, as well as the potential future introduction of a digital euro, could reinforce the merit of extending them further. The Eurosystem is therefore engaging with the broader industry (in addition to the discussions that have taken place within the Advisory Group on Market Infrastructures for Payments, AMI-Pay1) to understand current or upcoming market needs and to identify any constraints that may arise if T2 operating hours were extended.
- Published:
- Corporate author(s): European Central Bank
- Themes: Economic policy — Economic and monetary union
- Subject: euro area , European Monetary System , monetary policy , trading hours
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| ISSN | ISBN 978-92-899-7259-8 | DOI 10.2866/2010214 | Catalogue number QB-01-25-142-EN-N |
- Released on EU publications website:
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