There are also renewed hopes that political negotiations could soon begin on a European deposit insurance scheme. The European Commission has also launched an ambitious agenda for creating a capital markets union.
On the technical side, the introduction of instant payments means that internal systems and procedures need to be overhauled so that retail payments can move from batch processing into the real-time universe. The Eurosystem, too, has been looking for ways to make use of technical progress to improve the efficiency and lower the costs of its market infrastructure services – the TARGET services.