Welcome to the Centre for International Central Bank Dialogue
Payment and Securities Settlement Systems, from 16.02.2027 till 18.02.2027 in Frankfurt
Objective
Efficient and secure payment systems are fundamental to a stable financial system. The Bundesbank plays a central role in safeguarding and overseeing cashless payments in Germany, acting as a financial hub that provides settlement and clearing services, and actively contributing to the development of the Single Euro Payments Area (SEPA).
This course enables participants to deepen their understanding of payment and securities settlement systems. It provides an introduction to the state-of-the-art systems operated by the Eurosystem, namely T2, T2S, ECMS, and TIPS, and highlights the Bundesbank’s specific responsibilities and contributions within these infrastructures. In addition, the course covers the oversight function of central banks in the area of cashless payments, focusing on regulatory frameworks, risk management, and the promotion of secure and efficient payment systems.
The course is designed to equip participants with the knowledge and tools needed to enhance and refine payment and securities settlement systems in their home countries. Additionally, it provides valuable insights into current developments in this key area of central banking.
Active participation in discussions is expected.
Content
- TARGET Services: Overview and focus on T2
- TARGET Services: Focus on T2S
- TARGET Services: Focus on TIPS
- TARGET Services: Focus on ECMS
- Retail payments: current developments, innovations, and security
- Retail CBDC
- Wholesale CBDC
- Oversight of payment systems and payment instruments
Target group
The course is designed for mid-level and senior central bank employees. A solid background in payment clearing and settlement issues is essential for constructive and productive participation in the course. Participants should be familiar with the payment system policy and practices applied in their home countries. Active participation is encouraged, including the opportunity to give a short presentation on national experiences or approaches to specific topics in the area payment systems.