The T2S Programme Board has proposed to the Governing Council to set the price for a DvP instruction in T2S at 15 cents and to guarantee this price until the end of 2018 under certain conditions. The Programme Board is confident that it will be able to further lower settlement fees after 2018 since its proposal is based on rather conservative assumptions.
Jerome H Powell: Community banking Opening remarks by Mr Jerome H Powell, Member of the Board of Governors of the Federal Reserve System, at the webinar on “Community Banking”, Washington DC, 20 October 2014. *  *  *  Thank you for the opportunity to speak with you today about some of the key issues facing community banks.