The Eurosystem published a roadmap on May 28 for extending T2 operating hours. The plan follows a public consultation launched in June 2025 that attracted 125 respondents across 19 countries.
Short-term measures include a settlement window for liquidity transfers in T2 on most weekends and TARGET holidays. The Eurosystem will also introduce automatic remuneration of excess liquidity held in TIPS accounts.
A second market consultation is planned for late 2026 or early 2027 before decisions on further extensions are taken.