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    1. Home
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    3. >ECB takes down securities settlement system's interfaces after incident
    Headlines

    ECB Takes Down Securities Settlement System's Interfaces After Incident

    Published by Global Banking & Finance Review®

    Posted on February 27, 2025

    1 min read

    Last updated: January 25, 2026

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    Tags:European Central Bankfinancial marketsDigital bankingcryptocurrency

    Quick Summary

    The ECB has disabled interfaces of its securities settlement system, T2S, due to a glitch disrupting network communications.

    ECB Shuts Down Interfaces of Securities Settlement System Amid Glitch

    FRANKFURT (Reuters) - The European Central Bank has taken down some interfaces of its securities settlement system as it works to resolve an ongoing glitch that disrupted communications within that network, known as Target 2 Securities (T2S).

    "As a result of the incident resolution activities also the T2S and Common Component Graphical User Interfaces (GUIs) are unavailable at the moment," the ECB said in a status update.

    (Reporting By Francesco Canepa)

    Key Takeaways

    • •The ECB has shut down some interfaces of its securities settlement system.
    • •The disruption is due to a glitch affecting the T2S network.
    • •The ECB is working on resolving the ongoing issue.
    • •The incident affects the T2S and Common Component GUIs.
    • •The ECB provided a status update on the situation.

    Frequently Asked Questions about ECB takes down securities settlement system's interfaces after incident

    1What action did the ECB take regarding its securities settlement system?

    The European Central Bank has taken down some interfaces of its securities settlement system to resolve an ongoing glitch.

    2Which specific interfaces are currently unavailable?

    The T2S and Common Component Graphical User Interfaces (GUIs) are currently unavailable due to the incident resolution activities.

    3Who reported on the incident involving the ECB?

    The article was reported by Francesco Canepa for Reuters.

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