Unlocking the hidden benefits of TARGET2-Securities
A Clearstream-commissioned study by Oliver Wyman shows scope for further significant savings thanks to ECB initiative TARGET2-Securities.
The European post-trade landscape is highly fragmented with multiple layers of intermediation which create inefficiencies, risks and costs. The study outlines the T2S benefits banks can unlock by consolidating their securities and cash holdings in Europe directly with CSDs and central banks.
The European Central Bank’s TARGET2-Securities (T2S) initiative could allow brokers, asset managers and banks to save between EUR 30 and EUR 70 million annually if they take action now to delayer and consolidate assets across major T2S markets to take full advantage of the T2S model, according to an analysis conducted by Oliver Wyman and supported by Clearstream.
For more information, please contact: info-FS@oliverwyman.com