However, the Eurosystem is currently assessing and reflecting what its potential impact on the financial market infrastructure could be and what possibilities it could present in terms of new services. The Eurosystem is also currently looking into ways in which the three cornerstones of the financial market infrastructure – money, collateral and securities – could be brought closer together to improve efficiency.
For example, a market consultation has been held to ask the market for its views on ways in which TARGET2, the Eurosystem’s real-time gross settlement system, and T2S can be streamlined to increase overall effectiveness, potentially  BIS central bankers’ speeches  1  by creating a single interface for both systems.