Fourthly, to ensure sustainability of smaller credit unions; Credit unions & financial institutions are being challenged continuously by regulatory burden, to improve or acquire cost effective management information systems and membership growth. This dictates the use of systems that are capable to assist and sustain its operations.
T2S fits extremely well into the financial market reform process. It very much complements the regulatory initiatives being pursued by the European authorities to significantly strengthen the Single Financial Market and its infrastructure. T2S will – for the first time – create a single market in the settlement services space.