European financial markets look set to follow the US example of switching to a one-day settlement cycle, with officials considering a move in the final months of 2027.
The European Securities and Markets Authority is lining up the fourth quarter of 2027, the first quarter of 2028 or the fourth quarter of 2028 as potential targets for accelerating security settlement times from two days to one, according to Antonio Ocaña Alvarez, a policy officer at the regulator. In a poll conducted at a public hearing Wednesday, around 70% of respondents called for the switch to happen in 2027.
Source link : https://www.bloomberg.com/news/articles/2024-07-10/europe-could-follow-us-move-to-t-1-in-late-2027-officials-say
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Publish date : 2024-07-10 11:34:45
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