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#target2

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Mika Rautio<p>There was a hardware defect in the Target 2 system (T2), It is used to settle more than 3 trillion euros ($3.12 trillion) of daily payments and financial trades between banks. The incident lasted until early on Friday morning, delaying money sent in the night for about six hours.</p><p><a href="https://www.reuters.com/markets/europe/deutsche-boerses-clearstream-deals-with-residual-impact-ecb-outage-2025-02-28/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">reuters.com/markets/europe/deu</span><span class="invisible">tsche-boerses-clearstream-deals-with-residual-impact-ecb-outage-2025-02-28/</span></a></p><p><a href="https://infosec.exchange/tags/ecb" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ecb</span></a> <a href="https://infosec.exchange/tags/target2" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>target2</span></a></p>
Nemo_bis 🌈<p><span class="h-card" translate="no"><a href="https://fosstodon.org/@blake" class="u-url mention">@<span>blake</span></a></span> Legislation is one possibility but in practice only the Fed can solve it. Looks like they&#39;re going to try.<br /><a href="https://www.ft.com/content/dcc83529-5659-4d96-8ddf-83351b060e18" target="_blank" rel="nofollow noopener noreferrer" translate="no"><span class="invisible">https://www.</span><span class="ellipsis">ft.com/content/dcc83529-5659-4</span><span class="invisible">d96-8ddf-83351b060e18</span></a> (<a href="https://archive.is/qsBXx" target="_blank" rel="nofollow noopener noreferrer" translate="no"><span class="invisible">https://</span><span class="">archive.is/qsBXx</span><span class="invisible"></span></a>)</p><p>If they&#39;re lucky, with <a href="https://mamot.fr/tags/FedNow" class="mention hashtag" rel="tag">#<span>FedNow</span></a> they can replicate the <a href="https://mamot.fr/tags/ECB" class="mention hashtag" rel="tag">#<span>ECB</span></a>&#39;s role in building <a href="https://mamot.fr/tags/SEPA" class="mention hashtag" rel="tag">#<span>SEPA</span></a>, most recently with <a href="https://mamot.fr/tags/TARGET2" class="mention hashtag" rel="tag">#<span>TARGET2</span></a>&#39;s <a href="https://mamot.fr/tags/TIPS" class="mention hashtag" rel="tag">#<span>TIPS</span></a>.<br /><a href="https://www.ecb.europa.eu/paym/target/tips/html/index.en.html" target="_blank" rel="nofollow noopener noreferrer" translate="no"><span class="invisible">https://www.</span><span class="ellipsis">ecb.europa.eu/paym/target/tips</span><span class="invisible">/html/index.en.html</span></a></p>