TARGET2-Securities Annual Report 2020
TARGET2-Securities Annual Report 2020 Introduction Market infrastructures form the backbone of the financial system. They provide the networks through which financial institutions and financial markets are connected and financial transactions are cleared and settled. Therefore, it is essential to ensure that market infrastructures are secure and efficient, and that they foster a stable and well-functioning economy. The Eurosystem is closely involved in this work as the conduct of monetary policy depends on the availability of reliable and effective financial market infrastructures, such as TA...
Source: ecb.europa.eu