ECB prepares for ‘big-bang’ move to new market infrastructure

Eurozone's payments, instant payments and securities settlement systems will merge by end of 2021

European Central Bank

The European Central Bank is preparing for a single “big-bang migration” to a new set of payments and securities settlement infrastructure at the end of 2021, despite officials acknowledging there are risks involved.

The big-bang approach means the ECB itself, plus national central banks across the eurozone and all major market infrastructure providers and big financial firms, must be ready to make the switch in one go.

“Non-readiness is a big risk in any migration, but definitely in a big

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: