The purpose of the project is to create one single settlement platform, a harmonized settlement process throughout Europe and a common pool of securities. This should create efficiency gains, further financial market integration and the completion of a single market for financial services as set out in the Lisbon Agenda.
With T2S we continue our efforts in building up stable and harmonized infrastructures to the benefit of financial stability. Stable and efficient infrastructures have been fundamental during the financial crisis, dampening the destabilizing shocks to the financial system and prevented further damaging contagion.