ECB looks at strengthening EMU: ECB has published a report by the presidents of five European institutions (the Council, Commission, EP, Eurogroup and ECB) which looks at further integration of the euro area. (Source: ECB Looks at Strengthening Euro)

ECB launches T2S: ECB has launched TARGET2 securities (T2S), a platform enabling integrated securities settlement across Europe. The Bank of Greece’s depository for government bonds, the depository of the Malta Stock Exchange, Romania’s Depozitarul Central and SIX-SIS of Switzerland are now connected to T2S. Italy will be next on 31 August. Three more groups of markets will follow in stages, and the full complement, covering a total of 21 European countries, will have migrated by February 2017. (Source: ECB Launches TARGET2 Securities)