What do central banks and banks need to do to prepare for migration to TARGET2?

Yvon Lucas and Christine Lucas

Journal of Payments Strategy & Systems, 2007, vol. 1, issue 3, 228-237

Abstract: This paper gives an overview of the TARGET2 project, focusing on the migration phase, crucial for making the launch of the new system a success. It first explains what the scope of the migration to TARGET2 will be, presenting the characteristics of the future system and their likely impact on the banking industry. Then, it describes what the Eurosystem has put in place to prepare and manage, in the best way possible, the migration phase. Finally, it highlights the French robust project organisation, justified by a particularly complex and risky type of migration.

Keywords: TARGET; TARGET2; RTGS; large-value payments; Eurosystem; liquidity management; multi-country banks; ancillary system; group of accounts; migration; critical players; testing; certification; project plan; macro-planning (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jpss00:y:2007:v:1:i:3:p:228-237

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