I am extremely pleased that so much progress has been achieved on the TSI over the last few months because it is an initiative that has been strongly supported by the Eurosystem over the years, and in particular through the ECB Contact Group on Euro Securities Infrastructures, COGESI.
Indeed, in a workshop later today, we will discuss a report on collateral eligibility requirements prepared by COGESI (and to which I understand a number of persons in this room have contributed) – and we will see that the TSI initiative can help market participants in their efforts to meet increasing demands for collateral assets.