Thanks to your  BIS central bankers’ speeches  1  recommendation, the scope of T2S was extended and it has been built as a multicurrency system. The objective of T2S was to create an integrated infrastructure which would support capital markets on a European scale.
Until now, the securities landscape in Europe has been characterised by numerous securities settlement systems, divergent laws governing securities depositories and different rules for post-trade processes. This is highly inefficient, increases risks and leads to a significant waste of resources. T2S has started a process that will change this completely. T2S will in fact bring numerous benefits, including the following. 1.