Speakers
Objectives
The first objective of this session is to discuss the next steps in the implementation of T+1 settlement for EU securities and the main conditions for a successful transition to T+1, following the European Commission’s recommendation of February 2025 and taking into account the lessons learned from the US market and the assessments made by ESMA and the EU T+1 Industry Committee. The panel will also assess the expected impact of shortening settlement cycles in terms of efficiency and safety, and how the move to T+1 settlement fits into the overall objectives and action plan of the Savings and Investments Union (SIU).The progress of similar initiatives in the UK and Switzerland will also be touched on, as well as potential issues related to alignment between the EU and these jurisdictions moving to T+1 in parallel.
Points of discussion
- Next steps in the move to T+1 settlement and conditions of success: What are the next steps in the transition to T+1 settlement by 11 October 2027, as proposed by the Commission in February 2025? What are the main operational changes required for a successful move to T+1 settlement? What are the main challenges to be addressed and the conditions of success of this transition? How will the alignment with other jurisdictions, in particular the UK and Switzerland, be managed?
- Expected impact of the move to T+1 on EU securities markets: Will the shortening of settlement cycles contribute significantly to the objectives of the SIU? What is the expected impact of the move to T+1 on the European securities market in terms of efficiency, safety and integration? What future developments can be anticipated?