Priorities in the programme as well as operational instruments should be clearly spelled out, in order to keep the public well informed about developments and changes in monetary policy. The third condition for central bank autonomy is the creation of an efficient institutional framework within which decisions on monetary policy and on its implementation can be made, without undue interference by political functionaries.
T2S will act as a catalyst to integrate European post-trading financial services, and will foster competition by providing harmonised access to settlement services within the European financial market.