ECB has published the sixth progress report on Target2-Securities (T2S) harmonisation efforts. This comes ahead of two further markets joining the existing five EU markets on the Eurosystem platform on 29 March. The report finds considerable progress in the level of compliance achieved by the markets in the first migration wave and establishes close monitoring of the markets planning to migrate. The report also covers the remaining gaps in the T2S harmonisation agenda. These largely relate to “macro” topics, i.e. regulatory and legal issues. The report expects the CMU action plan and the establishment of the European Post-Trading Forum to address most of these issues. (Source: ECB publishes T2S harmonisation report)