Non-euro Currencies Steering Group (NECSG)
The NECSG is responsible for articulating and coordinating the views of the non-euro area national central banks that have signed the Currency Participation Agreement (referred to as the “connected NCBs”). The NECSG supports the decision-making process in T2S by providing the Eurosystem, to the extent possible, with a common position of the connected NCBs on matters of relevance.
The NECSG is composed of senior managers nominated by the respective governors of the connected national central banks. The NECSG Chairperson is elected by the members of the NECSG. The Chairperson then appoints a highly experienced member of staff from any of the connected NCBs or the ECB as NECSG Secretary.
The group reports to the Market Infrastructure Board, upon invitation or on its own initiative. It may also submit its resolutions directly to the Governors’ Forum and/or the Governing Council of the ECB should any core elements of T2S be considered at risk.
Mandate Members