Target-2 initiative raises concerns among CSDs

Target-2 initiative raises concerns among CSDs

Published: September 29, 2008

The ECB recently announced the launch of its Target-2 Securities project, which will see the creation of a new centralised platform for the settlement of securities against euro cash.  But the initiative continues to see voiced concerns from central securities depositories (CSDs) as well as industry bodies representing banks, issuers and investors, writes  Liz Salecka.

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