The Governing Council of the ECB looks forward to witnessing your action in this regard and will continue to support your efforts. Thank you for your attention. 4  BIS Review 154/2008
The Eurosystem is also playing its role as a catalyst for change by fostering the harmonisation of market standards and directly contributing to the removal of barriers to financial market integration. In order to facilitate the pan-European reach of instant payments, the Eurosystem launched an innovative service, TARGET Instant Payment Settlement (TIPS), in November 2018.