June 2023

16 June 2023

Market infrastructure and payments

TARGET Annual Report 2022

On 1 June 2023 the Governing Council took note of the TARGET Annual Report 2022. The report provides information on TARGET2 (T2) traffic and performance and the main developments that took place in 2022. It also includes seven boxes on topics of particular relevance in 2022, including a detailed analysis of T2 traffic and turnover; volume and functional developments in TIPS; the impact of Russia’s invasion of Ukraine on T2 traffic; the impact of the ECB’s monetary policy decisions on the money market rates derived from T2 data; enhancements of the TARGET services communication tools; an overview of T2 analytics for regulatory compliance; and an update of the T2/T2S consolidation project and future real-time gross settlement services. The report is available on the ECB’s website.

TARGET2-Securities (T2S) Annual Report 2022

On 6 June 2023 the ECB published the T2S Annual Report 2022. It presents the…