*  *  *  Ladies and gentlemen, It is no exaggeration to say that today is a historic date for the T2S project. It marks the end of more than two years of negotiations on the T2S Framework Agreement, one of the most critical legal documents underlying the whole project.
The President reminded us in his address of how important it is to cooperate if we want to achieve our Single Market objectives. T2S is a clear example of the very good cooperation amongst stakeholders in the post-trade industry: as of today, the spirit of the project will move on from negotiation to cooperation.