ECB Draghi: T2S Deal Powerful Signal For Markets’ Integration

FRANKFURT (MNI) – The new target two securities framework agreement
is a strong signal of the Eurozone’s commitment to further integration,
European Central Bank President Mario Draghi said Tuesday.

The progress on target two securities is “a very powerful signal of
our determination” to pursue further integration of financial markets,
Draghi said at an event marking the signatures to the T2S Framework
agreement.

Draghi stressed that particularly in times of crisis Europe should
not allow its determination to ensure further integration to fade.

“Financial market integration my be supported by underlying market
infrastructure,” Draghi said, noting that target two securities is
providing this infrastructure.

ECB Governing Council member and Bank of Italy President Ignazio
Visco, who attended the meeting as one of the first signatories, also
said that the agreement is an “expression of confidence in market
integration” at a time when there has been some disintegration.

–Frankfurt newsroom +49 69 72 01 42; e-mail jtreeck@marketnews.com

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