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ETSI General Assembly reelects Dirk Weiler as Board Chairman

At their 70th General Assembly held on 28-29 November 2017, ETSI members selected a new Board and reelected Dirk Weiler of Nokia as Chairman of the ETSI Board.
Dirk has held various ETSI leadership positions during the last decade. He has chaired the ETSI IPR Special Committee since 2008 and has been Chairman of the Board since 2014. Dirk served as the Chairman of the ETSI General Assembly from 2010 to 2014.


The ECB is responsible for the smooth and effective functioning of payment systems in the euro area. It already developed TARGET2, the Eurosystem’s Real Time Gross Settlement System, used to process large-value payments in euro in real time. TIPS, as part of TARGET2, will help facilitate instant money transfers, offered via banks, so that citizens and firms can make instant retail payments across Europe.

By providing TIPS, the ECB will make sure that the demand for instant payments is met at European level and further facilitate the integration of the euro area. The service will be developed in close cooperation with the banking industry in Europe and will be offered to banks at the low price of a maximum of 0.20 eurocent (€0.0020) per payment for at least the first two years of operation.

TIPS is scheduled to start operating in November 2018.

ecb.europa.eu