Since well before TIPS, the Eurosystem has been offering efficient and safe market infrastructures that form the backbone of the financial sector. I am referring here in particular to the two TARGET services: TARGET2-Securities (T2S) in the field of securities settlement and TARGET2 in the field of wholesale or large-value payments.
8 Using information on a bank’s finances and operations, these tests gauge how a firm’s capital position would be affected by hypothetical scenarios  7  The Comprehensive Capital Analysis and Review applies to a larger number of institutions than the most systemically important firms discussed in these remarks.